With 227 Republican votes, the House passes President Trumps sweeping tax cuts on Tuesday. Not a single Democrat supported the bill and 12 Republics chose to vote against it.
Here’s a quick bullet point and simple overview.
According to Breitbart; “The bill lowers taxes for every income bracket and reduces the tax rate for corporate profits to 21 percent.”
“The legislation is expected to accelerate economic growth, adding as much as 1.3 percent to the American economy. The Trump administration says it expects that greater growth will drive wages higher for many American workers. Tax bills are expected to fall for about 70 percent of U.S. households. About half of the tax cuts will go to the middle class, according to data from the Joint Committee on Taxation.”
Looks like the economy is about to grow!