Tax Cuts

Celebrating America’s Economic Success on the Second Anniversary of Trump Tax Cuts
Two years later, the passage of the Tax Cuts and Jobs Act has done wonders in creating more economic opportunity for the majority of Americans. The reforms that the law ushered in have lowered taxes for the majority of Americans, raised wages, and shown potential for a positive long-term effect on business investments, according to Heritage Senior Policy Analyst Adam Michel. “Between the tax cuts and wage gains, The Heritage Foundation calculated that over the decade following the tax cuts, the typical American household will reap an additional $26,000 in take-home pay or $45,000 for a family of four. That’s more than enough to buy a new car or put a down payment on a house,”