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Dear Friend,
I wanted to take a moment and update you about the Reconciliation Bill will impact Mississippi's Third Congressional District.
The Reconciliation Bill stands as the most pro-American worker legislation ever crafted. The House Committee on Ways and Means Majority Office provides helpful insights on how this legislation will impact American workers and families:
- It will deliver the largest tax cut for working and middle-class voters in American history and a 15% tax cut for working Americans and families, boosting their take-home pay by an average of $10,000 annually.
- Expands the child tax credit to $2,500 for over 40 million families
- Cuts taxes for overtime workers to save them nearly $2,000 a year
- Eliminates taxes on tips for the 4 million tipped workers
- Eliminates taxes on overtime for the 80 million hourly workers
- Makes the Trump tax cuts from 2017 permanent: locking in lower tax rates and brackets, keeping the doubled guaranteed standard deduction and the doubled Child Tax Credit
- Cuts taxes on job creators and manufacturers in the US
- Increases and makes permanent the Small Business Deduction
- Doubles immediate small business expensing
- Reduces reporting burdens for small businesses and entrepreneurs
- Lowers the cost of borrowing for America’s farmers
I am working alongside House Republicans to ensure that we make the Trump Tax Cuts Permanent. These tax cuts have saved Mississippians thousands of dollars each year. Check out this link to see the impact on Mississippians if the Trump Tax Cuts are NOT extended. The left voted in favor to give you more taxes. The Senate needs to pass this bill OR your taxes will go up.
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