Let’s remind them to renew in 2027 (if they haven’t cut even deeper in the interim).
Starting next year, families making between $50,000 and $75,000 will get average tax cuts of $890, according to an analysis by the nonpartisan Tax Policy Center. Families making between $100,000 and $200,000 would get average tax cuts of $2,260, while families making more than $1 million would get average tax cuts of nearly $70,000, according to the analysis.
The $1,000-per-child tax credit doubles to $2,000, with up to $1,400 available in IRS refunds for families that owe little or no taxes.
Anyone complaining about hypothetical deficit impact or playing the tired hand of class warfare, might first consider how those who pay no taxes get a $1,400 “refund.”
For the rest, any plans for what to do with your money? That being a little more of the money you actually earned? Shocking contemplation.
One assumes Trump will sign this immediately (if he hasn’t already).
No barbs for the GOP for the rest of this Wednesday.