Moolenaar Votes for Tax Relief for the Middle Class, Main Street

Today, Congressman John Moolenaar voted for historic tax reform legislation. The bill, the Tax Cuts and Jobs Act of 2017, is the first major overhaul of the tax code since 1986 and it was passed by the House of Representatives on Thursday afternoon.

The legislation doubles the standard deduction for Michigan residents. It goes from $6,000 to $12,000 for individuals and from $12,000 to $24,000 for joint filers.

The legislation increases the child tax credit for Michigan families from $1,000 to $1,600 dollars.

A Michigan family of four making the national median income of $59,000 would see a tax cut of over $1,000 when it pays its 2018 taxes in April 2019.

Congressman Moolenaar made the following statement on today's vote.

"This is tax relief for middle class families and Main Street. It will mean bigger paychecks, more jobs and a simpler, fairer system that closes loopholes. It will be a tax cut for Michigan families and keep more money here at home in our local communities."

Tax Reform By The Numbers

$1,600: The new child tax credit, increased from $1,000.

43,832: The number of taxpayers in Congressman Moolenaar's district who claim the child tax credit, according to the nonpartisan Tax Foundation.

$12,000: The new standard deduction for individual filers, increased from $6,000.

$24,000: The new standard deduction for married filers, increased from $12,000.