Search results
Results from the WOW.Com Content Network
The law, which is set to expire next year, changed the federal tax code in several ways that affect the middle class. “President-elect Trump’s tax plan is designed to provide much-needed ...
“With potential tax law changes, middle-class families can take advantage of tax-deferred accounts like 401(k)s or IRAs,” Stroup said. ... decrease tax rates and reduce business regulations ...
Much has been written about how President-elect Donald Trump's tax policies might affect the rich, the poor and the middle class -- but what about those in the upper middle class who are doing ...
But a middle-class tax cut is more likely to succeed. This is in line with Trump’s tax changes in his first term, which lowered rates for many Americans. But Termini still thinks you might see ...
“A second Trump presidency could affect middle-class finances through potential tax policy changes,” Pace said. “During Trump’s first term, the Tax Cuts and Jobs Act (TCJA) of 2017 offered ...
[111] [112] It is unclear from the details offered whether a middle-class couple with children would see tax increase or tax decrease. [113] In October 2017 the Republican-controlled Senate and House passed a resolution to provide for $1.5 trillion (~$1.83 trillion in 2023) in deficits over ten years to enable enactment of the Trump tax cut.
If he were to win an extension of the 2017 tax cuts, it would mean the standard deduction would remain at elevated levels, rather than being rolled back — something that could help the middle class.
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.