Linda...
Posted on 06/30/2018 11:42:54 AM PDT by TBP
Mike Zaffaroni calls the newest piece of equipment at his landscaping company in Jacksonville, Florida, his “Tax Cut Truck.”
He had long wanted to expand the services he offers to his customers and says the tax cuts President Donald J. Trump signed into law six months ago were the motivation he needed to buy the $80,000 truck and forklift.
Under the Tax Cuts and Jobs Act, most small businesses will now be able to deduct 20 percent off their business income in addition to having their taxable income taxed at lower rates. And for the first five years, they’ll be able to write off investments in new equipment the year the investment is made.
As we mark six months since Mr. Trump signed the Tax Cuts and Jobs Act into law, we continue to see more Americans working. The unemployment rate of 3.8 percent matches the lowest level it’s been in nearly 50 years. The unemployment rate for women is at the lowest level since 1953. African-American and Hispanic unemployment rates have hit record lows. A Gallup poll found two-thirds of Americans believe now is a good time to find a quality job. The number of job openings is at a record high and, for the first time on record, there are more job openings than unemployed people looking for work.
Families all across the country are not only seeing more take-home pay because their taxes are lower. The paychecks for workers are getting bigger, too. In the first quarter of 2018, private sector workers saw their hourly compensation increase at a 4 percent annual rate — the fastest pace in at least 12 years. As a result of the tax cuts, at least 6 million workers have already seen bigger paychecks, bonuses and increased benefits.
(Excerpt) Read more at washingtontimes.com ...
Let's not do anything to muck it up.
But what about Nancy Pelosi and her crumbs?
That extra 20% might have kept mine alive longer, but big tobacco was always destined to have ecigs.
They let us do the market testing...and when all was said and done, they moved in and squished us.
Death by lobbyists. Was a good run though. :)
Linda...
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