With great fanfare Congress just passed a bill to cut taxes by more than $1 trillion over the next decade, and by nearly $220 billion in fiscal 2019 alone. But will regular taxpayers notice?
Just two weeks ago we hosted my parents, siblings, their spouses, and their children for Thanksgiving. We didn’t talk much about the Tax Cuts and Jobs Act (our 15 mouths were too full of food). Maybe we should have.
President Trump and House Republicans promised families a significant increase in the Child Tax Credit (CTC) . The House Ways & Means Committee’s Tax Cuts...