Modernizing the tax code will provide a long-term boost to the American economy and to middle-class workers - News Summed Up

Modernizing the tax code will provide a long-term boost to the American economy and to middle-class workers


After months of fits and starts, it looks like comprehensive tax reform is nearing the goal line. That’s understandable, since so much of the discussion has centered on cutting corporate tax rates, which are slated to fall from 35 percent to 20 percent. It also increases the child tax credit and lowers individual tax rates, thereby raising the take-home pay for the vast majority of taxpayers. Both common sense and economic research tell us that modernizing the tax code will provide a long-term boost to the American economy and to middle-class workers. Tax reform has come a long way down the field; it’s time to get into the end zone.


Source: Fox News December 08, 2017 09:00 UTC



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