I haven't even tried the calculator.
I'm excited because it's clear, most of us will keep more. But even better, it will boost the economy for us, our kids, grand kids and help revive a once great nation.
We live in genuinely exciting times.
More money will remain in wage earner’s, small business, and corporate hands, starting January 1st, 2018.
This should add to the already jump started economy.
With new hiring, even the kind that took place this year, the cost of tax cuts will be covered to an extent. Each year to cost of tax cuts will be offset by a growing number of new taxpayers, paying the full new tax load, compared to all those only getting a few percent of tax cuts. Federal receipts will cover the loss from previous sources in a few years, and actually a lot more than that.
New business will in time cover the corporate and small business tax cuts, and more.
And lower taxes on corporations and businesses will mean our products will be more competitive because they’ll be able to lower prices due to lower expenses from taxes. Increased business will lead to more hiring and greater job security. And we are getting a tax decrease.
That’s a three-fer for the middle class.