A standard selling point for the GOP's tax overhaul plan is that middle class Americans will get a big tax cut and see their wages go up because of a slash on the rate paid by corporations. Republicans are doubling the standard deduction and the child tax credit, lowering tax rates across the board until 2025 and giving businesses a permanent break to spur job creation. Treasury Secretary Steve Mnuchin said Sunday on CNN that a two-parent family with two children making $75,000 would keep $2,000 more a year and a family of four with a combined salary of $150,000 would get twice that. 'It's going to be one of the great Christmas gifts to middle-income people,' President Donald Trump on Saturday said. An estimated 13 million Americans are projected to lose health insurance. Commuters will no longer receive a perk that has saved them money. The passing of the bill sparked protests in New York (left) on Tuesday....read
Are you a winner or a loser? How the Trump tax cut legislation affects average Americans
20/12/17 14:24
