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Tax Cut Bill Passage helps Make America Great Again

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By Rick Manning at NetRight Daily and Americans for Limited Government

President Trump and the GOP Congress scored a significant victory through the passage of the tax cut/reform legislation, which was signed Friday.

The legislation had four major components: lowering corporate tax rates from the highest in the developed world to around the world’s average; encouraging the repatriation of more than $4 trillion in overseas profits made by U.S. corporations that the old tax code punitively re-taxed at the regular 35% tax level in spite of the fact overseas taxes had already been paid; lowering individual taxes for between 80 and 90 percent of individuals and ending the individual mandate effective January 1, 2019.

Workers in some large companies are already seeing the benefits of the corporate tax cuts as 200,000 domestic AT&T workers will each receive a $1,000 bonus after the bill is signed, the telecom company will also invest an additional billion dollars in U.S. infrastructure.

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