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releases: https://www.speaker.gov/general/2059-tax-cut-average-american-families

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https://www.speaker.gov/general/2059-tax-cut-average-american-families A $2,059 Tax Cut for Typical American Families 2017-12-18 2017 2017-12 Republican House WI Paul Ryan R000570 www.speaker.gov     legacy 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 $73,000 per year a $2,059 tax cut next year. That is a really big deal. Thats $2,059 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$12,700 for individuals and $24,000 for joint filersis completely tax free. Doubling the Child Tax Credit to $2,000 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. 1 2026-03-30T12:14:52Z 2026-03-30T12:14:52Z
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