Tax Reform
As a father of six, I understand the importance of every dollar in raising a family. That is why I supported tax reform that will let hardworking Michigan families keep more of their own money.
The tax reform legislation, which became law in 2017, represents the first major overhaul of our tax code in more than 30 years. The new law doubled the standard deduction and lowered tax rates across the board. It also doubled the child tax credit to $2,000 and maintained deductions for medical expenses, charitable giving, mortgage interest payments, adoption expenses, and student loan deductions.
Tax reform will also stimulate the economy by giving family owned small businesses a tax break. The new tax rates will take affect when residents pay their 2018 taxes in 2019, but Michigan workers are already seeing benefits. Many employers have given their employees bonuses and pay raises, and utility companies have announced plans to pass on the savings in the form of lower rates for customers. Tax reform is letting Michigan families keep more of their own money and that is always a good thing.
More on Tax Reform
Today, Congressman John Moolenaar voted in favor of H.R. 1, the One Big Beautiful Bill Act. The legislation supports middle-class Michigan families by permanently extending the 2017 Tax Cuts and Jobs Act for individuals and joint filers.
This morning, Congressman John Moolenaar voted in favor of H.R. 1, the One, Big, Beautiful Bill Act. The legislation delivers on the mandate given to President Trump and the Republican Party by the American people last November. Included in the bill are provisions to avoid a 25% tax increase on Michigan families, empower U.S.
Today, Congressman John Moolenaar voted for a budget resolution, which passed the House of Representatives 217 to 215. The budget provides a path for Congress and the Trump administration to deliver on the priorities of Michigan families.
Today, Congressman John Moolenaar, along with Congressmen Darin LaHood (R-IL) and Jared Golden (D-ME), reintroduced the bipartisan No Official Giveaways Of Taxpayers’ Income to Oppressive Nations (NO GOTION) Act in the House of Representatives. The bill will also be introduced in the U.S.