Benefits of tax cuts already being felt

Posted2/4/2018 1:00 AM

Companies are awarding bonuses and raises, and the stock market closed at (yet another) record high after the broad tax relief bill was successfully passed. I can't imagine, under any circumstances, how these encouraging results could not be considered great news.

Our family is already feeling the positive impact of the changes made in the tax code. Our daughter and her husband just had their first baby and will be able to take advantage of the doubled child tax credit next year.

Throughout our extended family, big and small businesses alike are witnessing immediate effects. Companies are investing the anticipated benefits of the new tax law in the form of bonuses, pay raises, capital improvements, and new hires.

And that's just the beginning. The true value of this new tax code will become even more evident in the months and years ahead.

The tax code is a work in progress and there are always things that can be improved upon, (further simplification comes to mind). But we would like to thank our congressman, Peter Roskam, and all the legislators across the nation who understand that the surest, fastest way to a prosperous America is ultimately decided by letting the people (not the government) keep, spend, and invest more of their hard-earned money.

Mary Plunkett


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