Bost Applauds House Passage of Tax Reform Legislation

Washington, DC – U.S. Representative Mike Bost (IL-12) today released the following statement after the House passed the Tax Cuts and Jobs Act:

“Southern Illinois’ hardworking middle-class families deserve a break. We need more jobs, higher take-home pay, and greater opportunity to get ahead. The Tax Cuts and Jobs Act is focused on empowering middle-class working families by delivering more jobs, fairer taxes, and bigger take-home pay. For the 78% of tax filers in Illinois’ 12th Congressional District who currently take the standard deduction, you will see an average $1700 more in your pocket after taxes. The Tax Cuts and Jobs Act gives you the breathing room you need to save for college, help raise a family, or prepare for a rainy day. When given the chance, I have no doubt you’ll keep a closer eye on your hard-earned dollars than any Washington bureaucrat ever will.”

For individuals and families, the Tax Cuts and Jobs Act:

  • Lowers individual tax rates for low- and middle-income Americans to zero, 12 percent, 25 percent, and 35 percent so people can keep more of the money they earn throughout their lives, and continues to maintain 39.6 percent for high-income Americans.
  • Significantly increases the standard deduction to protect roughly double the amount of what you earn each year from taxes – from $6,350 to $12,000 for individuals and $12,700 to $24,000 for married couples.
Print Friendly, PDF & Email

Speak Your Mind

Benton, West Frankfort, Illinois News | Franklin County News