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Deepertruth: The President Trump Successes Western Style - Promises Kept

  • Broadcast in Christianity
Deeper Truth

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Under President Trump’s leadership, Congress passed historic tax cuts and relief for hard-working Americans. The Tax Cuts and Jobs Act:

  • Is the first major tax reform signed in 30 years. 
  • Federal revenues are increasing as the economy grows. April 2018 had a record surplus of $214 billion.
  • Over 500 companies (507) have announced bonuses, wage increases, and new investments. 
  • Businesses have invested $482 billion in new, American projects and employees. 
  • More than 4.8 million workers received increased wages or bonuses (3.7% of all private workers). 
  • Provided $1.5 trillion in tax cuts to individuals.
  • American families received $3.2 trillion in gross tax cuts and saw the child tax credit double.
  • A family of four making $73,000 will get a cut of over $2,000-cutting their taxes in half. 
  • Nearly doubled the standard deduction.
  • Repealed Obamacare’s burdensome individual mandate.
  • The bill provides a 20% deduction for small business income, which means $415 billion tax cut. 
  • The President lowered the corporate tax rate was lowered from the highest in the industrialized world (35%) to 21%. 

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