To the Editor:
On Dec. 22, the president signed into law the Tax Cuts and Jobs Act, the most sweeping tax reform in 30 years.
This bill lowers corporate and individual tax rates, increases the child tax credit and a special bonus, repeals Obamacare’s individual mandate.
We’ve already seen the impact of this bill and it will continue to unleash further economic growth through higher wages and job creation. Corporations are already passing along their tax savings to their employees in the form of increased hourly pay and bonuses.
The bill’s pro-growth features will most certainly create untold opportunities for entrepreneurs to promote new ideas.
Hopefully, by lowering the corporation tax rate, inversions (American firms avoiding taxes by moving corporate headquarters overseas) will be reduced, keeping corporate dollars in the U.S.
Thank you to Congressman Roskam and the GOP for the passage of the Tax Cuts and Job Act.
Lake in the Hills