Tuesday News: Prepping for the 2020 “we own the maps” Election

REPUBLICANS PASS MASSIVE TAX CUT TO GO INTO EFFECT IN 2019: The final budget compromise announced by House and Senate leaders Monday would sharply cut personal and corporate income taxes – but the new rates won’t kick in until 2019. “Millions of middle class families will also keep more of their own earnings,” Senate leader Phil Berger said during a news conference Monday, adding that 99 percent of taxpayers will see a tax cut or pay no income taxes under the plan. House Speaker Tim Moore said the change in the standard deduction will mean 95,000 people will no longer owe income taxes. The 5.25 percent personal income tax rate will be “the lowest rate in the Southeast among states that tax earnings,” according to a news release from House Republicans.
http://ift.tt/2rK5Zjo



Advertisements
Tagged
%d bloggers like this: