Moolenaar Fighting for Middle Class Tax Cut

Today, leaders in the House of Representatives introduced The Tax Cuts and Jobs Act of 2017, major legislation which would simplify and reform the federal tax code.

The legislation doubles the standard deduction to $12,000 for individuals and $24,000 for couples. It increases the child tax credit to $1,600 and retains the savings options for retirement plans using 401Ks and IRAs.

If the legislation becomes law, it would be the first major overhaul of the federal tax code since 1986.

Congressman John Moolenaar made the following statement on the legislation:

"I have heard from constituents I represent about how they are struggling with higher costs for everyday expenses. The tax reform introduced today will help Michigan families by giving them a tax cut. For a family of four making median income, the cut would be more than $1,100, letting Michigan families keep more of their own money so they can meet their needs and provide for their children."