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More Winning: Americans To See $2.8 Billion in Lower Utility Bills After Tax Cuts

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A new report by a tax watchdog group reveals that U.S. consumers will see $2.8 billion in utility savings after President Donald Trump’s tax cuts — and 102 utilities are passing on the savings to their customers across the country.

“This means lower electric bills, lower gas bills, and lower water bills for Americans,” Americans for Tax Reform said in a statement.

“The Tax Cuts and Jobs Act cut the corporate rate from 35% to 21%. Utility companies are passing on the tax savings in the form of lower rates for customers,” they added.

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