With Trump's Tax Plan, Americans Are Waving Goodbye To Low Taxes

Credit: Wochit News
Published 6 days ago - Duration: 00:51s

With Trump's Tax Plan, Americans Are Waving Goodbye To Low Taxes

In 2017's new tax reform law, the GOP promised big savings for everyday Americans.

But according to Reuters, only one in five U.S. taxpayers expect to pay less income tax this year.

This is going to be one of the great gifts to the middle-income people of this country that theyโ€™ve ever gotten for Christmas.

President Donald Trump A $10,000 cap was imposed on the deduction of state and local taxes, which was previously unlimited.

Advertisement

With Trump's Tax Plan, Americans Are Waving Goodbye To Low Taxes

A FEB.

13, 2019, PHOTO JUNE 15, 2018 PHOTO MARCH 22, 2013 FILE PHOTO

You are here

Recent related videos from verified sources

6 Burning Tax Questions Answered by an H&R Block Tax Expert 05:07
Credit: GOBankingRates - Published 2 days ago 

IRS Holding Over $1 Billion In Taxpayer Money 01:17
Credit: Newsweek - Published 2 days ago 

Fact-Check: Lankford Misleads with Comment on Tax Revenue 02:15
Credit: Newsy Studio - Published 6 days ago 

Poll: Few Americans Think They Will Save Money Under Trump Tax Law 00:54
Credit: Veuer - Published 6 days ago 

You might like