Middle Class American Families Seeing Benefits From Tax Reform
February 15, 2018
‘We know the Tax Cuts & Jobs Act is pro-worker and pro-business. But tax reform is also, at its core, pro-family. It doubles the standard deduction, meaning a young married couple effectively gets a new ‘zero percent tax bracket’ for the first $24,000 they earn. If that couple decides to purchase a home, their mortgage interest will be eligible for a deduction. Contrary to what many predicted, the historic tax cuts we delivered didn’t jeopardize that middle-class deduction. We preserved it.’