RYAN: $2059 Tax Cut for Average American Families

Speaker Ryan Press Office  http://spkrryan.us/2zkr0mN Tomorrow is the day. The House will vote on the most sweeping pro-growth tax reform since Reagan. So what does it mean for you and your family? Most importantly the Tax Cuts and Jobs Act will give typical families of four earning $73000 per year a $2059 tax cut next year. That is a really big deal. Thats $2059 to help cover that dream vacation invest in your childrens college education or save up for that new car. This tax cut is the result of three major reforms:

• Increasing the standard deduction so more of what you earn$12700 for individuals and $24000 for joint filersis completely tax free.
• Doubling the Child Tax Credit to $2000 per child so parents have some extra cash to raise their families.
• Lowering rates across the board so Americans at every single income level get a well-deserved and long-overdue tax cut.

The long story short is that relief for middle-income Americans and families living paycheck-to-paycheck is finally on the way. When we get this done people across the country can celebrate the holidays knowing they will wake up with a simpler and fairer tax code on New Years Day. To learn more visit speaker.gov.