Americans Across The Country Are Reaping The Rewards Of The Tax Cuts & Jobs Act

From Arizona To Maine, Small Businesses, Working Families And Middle-Class Taxpayers Around The U.S. Get To Keep More Of Their Money Thanks To President Trump’s Tax Cuts

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The Facts:

ARIZONA CONTINUES TO ENJOY THE BENEFITS OF THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in Arizona saved $1,354 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 483,720 families in Arizona to more than $1.1 billion annually.

Small Business provisions of the Tax Cuts and Jobs Act were “good news” for Arizona businesses.

Arizona’s 168 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to opportunity zone incentives, Aspire Fund raised more than $1 million to fund the purchase and development of nine affordable, attractive, energy-efficient homes near Flagstaff, AZ.

COLORADO HAS BENEFITTED TREMENDOUSLY FROM THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in Colorado saved $1,425 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 393,820 families in Colorado to more than $1 billion annually.

Colorado’s 126 opportunity zones are already spurring investment into distressed communities in the state.

Jack Mozloom, a Spokesman for the National Federation of Independent Businesses praised the Tax Cuts and Jobs Act saying 90% of small businesses in Colorado will benefit from the changes

Thanks to the opportunity zone incentives, Four Points Funding announced it will open Trail and Hitch RC park and tiny home hotel and the former park will undergo a renovation and rebrand after remaining vacant for nearly a decade.

THE TAX CUTS AND JOBS ACT HAS PRODUCED REAL RESULTS FOR FLORIDIANS

On average, middle-class taxpayers in Florida saved $1,354 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 1,285,370 families in Florida to more than $2.8 billion annually.

Irina Vilariño, a small business owner in South Florida, said that she was “grateful” for the tax cuts as that “allows us to keep more of our hard-worked earnings.”

Florida’s 427 opportunity zones are already spurring investment into distressed communities in the state.

CoLabs, one of the first fully-funded businesses in the Tampa Bay area to raise capital from investors making tax-deferred investments in Qualified Opportunity Funds, raised $6.2 million and now employs 22 Floridians.

GEORGIA HAS ENJOYED THE BENEFITS OF THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in Georgia saved $1,262 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 688,310 families in Georgia to $1.6 billion annually.

Georgia’s 260 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to the opportunity zone incentives, about 215 residential units will be developed in Savannah; they will be a mixture of multi-family units that will be market-rate driven.

IOWA HAS PROSPERED IN THE WAKE OF THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in Iowa saved $1,423 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 243,640 families in Iowa to $665 million annually.

Lana Pol, a small business owner in Iowa, said she has enjoyed her “substantial” savings under the new tax law, thanks to the deduction for small business owners.

Iowa’s 62 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to the opportunity zone incentives, a development will transform a vacant lot on the periphery of downtown Sioux City into 60 units that will include housing and commercial space.

MICHIGAN WORKERS AND BUSINESSES HAVE KEPT MORE OF THEIR MONEY THANKS TO PRESIDENT TRUMP’S TAX CUTS

On average, middle-class taxpayers in Michigan saved $1,437 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 642,940 families in Michigan to $1.6 billion annually.

The Tax Cuts and Jobs Act “literally put money back into [the] pockets” of small business owners in Michigan.

Michigan’s 288 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to the opportunity zone incentives, the Capital City Market Project will provide a grocery store, housing development, hospitality, and commercial vibrancy to downtown Lansing.

MAINE HAS BENEFITTED HUGELY FROM THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in Maine saved $1,423 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 87,810 families in Maine to more than $200 million annually.

The Tax Cuts and Jobs Act had a “huge impact” on small businesses in Maine.

Maine’s 32 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to the opportunity zone incentives, Ready Seafood opened a new lobster processing facility in Saco, ME, bringing 200 full-time employees to the area and creating about 50 new full-time positions.

MINNESOTA WORKERS KEEP MORE OF THEIR MONEY THANKS TO THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in Minnesota saved $1,429 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 412,690 families in Minnesota to $1.1 billion annually.

Minnesota’s 128 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to opportunity zone incentives, Brady Real Estate development is building the Brooklyn Center, a mixed-use building that will target local immigrant-owned startups and serve as a business incubator.

THE TAX CUTS AND JOBS HAD HAD A REAL IMPACT IN NORTH CAROLINA

On average, middle-class taxpayers in North Carolina saved $1,328 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 704,290 families in North Carolina to $1.6 billion annually.

The Tax Cuts and Jobs Act has allowed small business owners in North Carolina to invest in their workforce and provide better benefits for employees.

North Carolina’s 252 opportunity zones are already spurring investment into distressed communities in the state each year.

Thanks to the opportunity zone incentives, the Remergent Fund has backed a $58 million 300-unit residential development in the heart of downtown Kannapolis, NC.

NEW HAMPSHIRE HAS PROSPERED THANKS TO FAIRER TAX POLICIES IMPLEMENTED BY THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in New Hampshire saved $1,436 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 88,890 families in New Hampshire to $222 million annually.

New Hampshire’s 27 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to the opportunity zone incentives, a $10 million investment in a Hilton Hotel is under construction in the Manchester Milyard Area.

NEVADA HAS SEEN A SERIOUS PAYOFF FROM THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in Nevada saved $1,341 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 228,880 families in Nevada to $543 million annually.

The Tax Cuts and Jobs Act has helped small business owners in Nevada pay for “much needed” investments like new equipment and give them “more resources for new hiring, wage increases and bonuses.”

Nevada’s 61 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to opportunity zone incentives, $94.5 million will be invested in a mixed-use housing project, where 80% of the units will be sold below the market rate and are geared towards veterans, seniors, and families.

THE TAX CUTS AND JOBS ACT WAS A SERIOUS BOOST TO OHIO BUSINESSES AND WORKERS

On average, middle-class taxpayers in Ohio saved $1,476 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 826,190 families in Ohio to $2 billion annually.

Small Businesses in Ohio have seen “many benefits” from the Tax Cuts and Jobs Act.

Ohio’s 320 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to the opportunity zone incentives, Beacon Hill Investment Advisory is investing $50 million real estate fund, which will renovate homes for rent and sale in low-income communities in Columbus, OH.

MIDDLE-CLASS WORKERS AND SMALL BUSINESSES IN PENNSYLVANIA HAVE SEEN REMARKABLE GAINS FROM THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in Pennsylvania saved $1,426 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 823,400 families in Pennsylvania to more than $2 billion annually.

The savings from the Tax Cuts and Jobs Act is “a big deal” for Pennsylvania small business owners.

Pennsylvania’s 300 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to opportunity zone incentives, a downtown Phillipsburg building that has been vacant for five years will “undergo renovations and welcome a new tenant.”

THE TAX CUTS AND JOBS ACT HAS BEEN A BOON TO SOUTH CAROLINA

On average, middle-class taxpayers in South Carolina saved $1,341 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 341,220 families in South Carolina to nearly $8 billion annually.

The Tax Cuts and Jobs Act helped small business owners in South Carolina expand their businesses and hire more employees.

South Carolina’s 134 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to opportunity zone incentives, spotlight cinema restored a property into capital 8 movie theater inside a South Carolina opportunity zone.

MIDDLE-CLASS TEXANS HAVE PROFITED FROM THE TAX CUTS AND JOBS ACT

On average, middle-class taxpayers in Texas saved $1,324 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 2,072,250 families in Texas to nearly $5 billion annually.

Savings from the Tax Cuts and Jobs Act provided “much needed relief” to small businesses in Texas.

Texas’ 628 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to opportunity zone incentives, a project based in West Downtown San Antonio will build 24 mixed-income apartments, where half of the units will be set aside for residents making 60% or less of area median income.

THE TAX CUTS AND JOBS ACT HAS BEEN A REAL ADVANTAGE FOR VIRGINIANS

On average, middle-class taxpayers in Virginia saved $1,291 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 560,720 families in Virginia to nearly $1.4 billion annually.

Investing in their business became “much easier” for small business owners in Virginia thanks to The Tax Cuts and Jobs Act.

Virginia’s 212 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to opportunity zone incentives, a non-profit food co-op based is establishing an opportunity fund to raise $1.5 million to build a new grocery store in northern Fredericksburg.

THE TAX CUTS AND JOBS ACT IS WORKING FOR WISCONSIN

On average, middle-class taxpayers in Wisconsin saved $1,411 thanks to the Tax Cuts and Jobs Act each year.

The Tax Cuts and Jobs Act doubled the Child Tax Credit, increasing savings for 425,020 families in Wisconsin to more than $1.1 billion annually.

Wisconsin’s 120 opportunity zones are already spurring investment into distressed communities in the state.

Thanks to opportunity zone incentives, a small community in Northern Wisconsin will be built on a furniture factory that closed in the 1970s, the new construction will include startup and maker spaces, community gathering points, and a dense mix of housing integrated into the community.

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ARIZONA CONTINUES TO ENJOY THE BENEFITS OF THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Arizona Saved $1,354 Thanks To The Tax Cuts And Jobs Act.

In 2018 The Average Tax Cut For An Arizona Worker Making Between $50,000 And $75,000 Was $1,354.29. (Tax Foundation, 12/17/18)

Senator Martha McSally (R-AZ) Said That That Tax Cuts Are Helping Middle Class Women, “A Single Mom With Two Kids Making $53,600 Would Now Owe No Federal Income Taxes Previously, She Would Have Owed $2,060.” SENATOR MARTHA MCSALLY: “Starting in 2018, a typical middle income family of four in Tucson would see a tax cut of $2,148. A single mom with two kids making $53,600 would now owe no federal income taxes — previously, she would have owed $2,060. Our tax cuts are helping women build the lives they want by allowing them to keep more of what they earn and growing an economy that gives them more flexibility and benefits to strike the work-life balance they choose. That’s something to celebrate this month.” (Tucson.com, 4/2/18)

Small Business Provisions Of The Tax Cuts And Jobs Act Were “Good News” For Arizona Businesses

The Tax Cuts And Jobs Act Implemented Qualified Business Income Deduction, Which Allows Small Business Owners To Deduct Up To 20% Of Their Qualified Business Income. “The tax overhaul unveiled a new 20% tax deduction for small business owners in 2018 — and just over 1 in 10 filers so far have claimed it. The qualified business income deduction is one of the new features of the Tax Cuts and Jobs Act, which went into effect last year. This new tax break allows owners of ‘pass-through’ entities, including S-corporations, partnerships and sole proprietorships, to deduct up to 20% of their qualified business income.” (CNBC, 8/7/19)

The Tax Cuts and Jobs Act Allows Full And Immediate Expensing Of Short-Lived Capital Investments For Five Years, And Increases Section 179, Which Allows Businesses To Deduct The Full Cost Of Capital Assets From $500,000 To $1 Million. “Allows full and immediate expensing of short-lived capital investments for five years. Increases the section 179 expensing cap from $500,000 to $1 million.” (The Tax Foundation, 12/18/17)

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Arizona Business Magazine: When The Tax Cuts And Jobs Act Took Effect, There Was “Good News” As It “Produced Many Changes That Reduced And Positively Impacted Small Business Taxes.” “As a small business owner, you’ve likely always struggled to minimize your taxes and stay profitable. Now at last, there’s some good news! When the Tax Cuts and Jobs Act federal income tax bill took effect in 2018, it produced many changes that reduced and positively impacted small business taxes.” (Arizona Business Magazine, 3/9/19)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 483,720 Families In Arizona To More Than $1.1 Billion.

The Tax Cuts And Jobs Act Expanded The Child Tax Credit From $1,000 Per Child To A Maximum Of $2,000 Per Child For Middle Income Families. “The current child tax credit is $1,000 per child. The House and Senate bills expanded the child tax credit, with the Senate going up to a maximum of $2,000 per child. The final bill keeps the $2,000-per-child credit (families making up to about $400,000 get to take the credit).” (The Washington Post, 12/15/17)

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 483,720 Arizona Households $589,466,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $1.1 Billion. (IRS, Accessed 7/14/20)

Arizona’s 168 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 168 Communities In Arizona Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/22/20)

Thanks To The Opportunity Zone Incentives, Aspire Fund Raised More Than $1 Million To Fund The Purchase And Development Of Nine Affordable, Attractive, Energy-Efficient Homes Near Flagstaff, AZ. “AspireFund, a Qualified Opportunity Zone Fund (QOF), has celebrated the fourth home sold in newly developed Kachina Pines, the first subdivision built in Kachina Village in more than 15 years. These modestly-priced Craftsman-style homes are the first of nine affordable housing units as part of the much-lauded Opportunity Zone development project spearheaded by AspireFund leader Ryan Scott. AspireFund raised more than $1 million to fund the purchase and development of nine homes on a challenging 1.5-acre plot of land nestled in the quaint, wooded neighborhood of Kachina Village. Just 15 minutes south of Flagstaff, homes in the community have a median selling price of $423,500. (Flagstaff Business Review, Accessed 5/7/20)

COLORADO HAS BENEFITTED TREMENDOUSLY FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Colorado Saved $1,425 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Worker Making Between $50,000 And $75,000 In Colorado As A Result Of President Trump’s Tax Cuts Was $1,425.52. ( Tax Foundation, 12/17/18)

Regina Thomson, A Resident Of Aurora, Serves As President Of The Colorado Issues Coalition, Said That Colorado Families Across The State Are Enjoying Bigger Paychecks. “Now that nearly a year has passed, we have a verdict. Colorado businesses are expanding operations, boosting wages, and hiring new workers. Families across the state are enjoying bigger paychecks.” (The Denver Post, 09/17/18)

Thomson, “Tax Reform Is Supercharging The State Economy And Benefiting Colorado’s Working Families.” “Families have fatter wallets, too. On personal income taxes, the average four-person household in Coffman’s district is expected to save over $2,900 thanks to tax reform next year. Just as Coffman predicted, tax reform is supercharging the state economy and benefiting Colorado’s working families.” (The Denver Post, 09/17/18)

Jack Mozloom, A Spokesman For The National Federation Of Independent Businesses, Praised The Tax Cuts And Jobs Act Saying 90% Of Small Business Will Benefit From The Changes

The Boulder- Based Brewers Association: “Located In Almost Every Congressional District, America’s Small Brewers Are Manufacturers And Entrepreneurs Who Will Use The Approximately $80 Million In Savings Annually … To Reinvest In Their Businesses, Expand Their Operations And Hire More Workers,” “Located in almost every congressional district, America’s small brewers are manufacturers and entrepreneurs who will use the approximately $80 million in savings annually … to reinvest in their businesses, expand their operations and hire more workers,” noted the Boulder-based Brewers Association in a statement. (Denver Post, 12/16/17)

Jack Mozloom, A Spokesman For The NFIB: “Based On What We Know Now, It Will Benefit 90 Percent Of Small Business, Which Would Mean 90 Percent Of Businesses (Would Benefit) In Colorado.” “Based on what we know now, it will benefit 90 percent of small business, which would mean 90 percent of businesses (would benefit) in Colorado,” Jack Mozloom, a spokesman for the National Federation of Independent Business, said of the tax package. (Denver Post, 12/16/17)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 393,820 Families In Colorado To More Than $1 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 393,820 Colorado Households $502,409,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $1 Billion. (IRS, Accessed 7/14/20)

Colorado’s 126 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 126 Communities In Colorado Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/5/20)

Thanks To The Opportunity Zone Incentives, Four Points Funding Announced It Will Open Trail And Hitch RV Park And Tiny Home Hotel, The Former Park, Wilderness Rendezvous, Has Remained Vacant For Nearly A Decade, And Will Undergo Renovation And Rebrand. “Four Points Funding, a private real estate investment firm and Opportunity Zone Fund with offices in Steamboat Springs and Denver, announced today the future opening of Trail & Hitch RV Park and Tiny Home Hotel, Meeker. The former park, Wilderness Rendezvous, which has remained vacant for nearly a decade, will undergo renovation and re-brand into a Tiny Home Resort and RV Park. Four Points Funding will initially manage the park while transitioning management to a local operator.” (Rio Blanco County, Accessed 9/16/19)

THE TAX CUTS AND JOBS ACT HAS PRODUCED REAL RESULTS FOR FLORIDIANS

On Average, Middle-Class Taxpayers In Florida Saved $1,354 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Florida Worker Making Between $50,000 And $75,000 As A Result Of President Trump’s Tax Cuts Was $1,354.57. ( Tax Foundation, 12/17/18) 

Small Business Owners In Florida Are “Grateful” For The Tax Cuts And Jobs Act

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Irina Vilariño, A Small Business Owner In South Florida, Said That She Was “Grateful” For The Tax Cuts And Jobs As That “Allows Us To Keep More Of Our Hard-Worked Earnings.” MS. VILARIÑO: “My name is Irina Vilariño. My family and I arrived in 1980 during the Mariel exodus. We brought nothing with us; only the clothes we were wearing. However, we didn’t come here for a handout. We came here because this was the Promised Land — a country that promised political stability, respect of law, opportunity, and freedom. In 1984, we opened our first restaurant in South Florida — Las Vegas Cuban Cuisine. Today we operate 15 units, including La Casita Cuban Miami International Airport. (Applause.) Thank you. And we employ over 400 employees in South Florida. We were hit hard during the last administration’s tax hike, and are most grateful for your tax and jobs reform act. It allows us to keep more of our hard-worked earnings, allowing us to reinvest in better and new operations, thereby creating more jobs.” (Remarks by President Trump at the Tax Cuts for Florida Small Businesses Roundtable, 4/16/18)

Jose Mallea, Owner Of Biscayne Bay Brewing Company In Doral Florida, Said That He Has Received Amazing Benefits To The Tax Cuts And Jobs Act As They Have Been Able To Buy Additional Equipment To Increase Their Production. MR. MALLEA: “The Tax Cut and Jobs Act has really been just an amazing benefit to the craft beer community. It included a 50 percent reduction in the excise tax on our beer, which has helped all of us small craft brewers — we’re all small manufacturing businesses that are growing — reinvest in our businesses. Biscayne Bay Brewing Company has been able to buy additional equipment — about $100,000 in equipment — also because of other benefits in the tax package that have allowed us to increase our production by 40 percent.” (Remarks by President Trump at the Tax Cuts for Florida Small Businesses Roundtable, 4/16/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 1,285,370 Families In Florida To More Than $2.8 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 1,285,370 Florida Households $1,418,486,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $2.8 Billion. (IRS, Accessed 7/14/20)

Florida’s 427 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 427 Communities In Florida Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 7/8/20)

CoLabs, One Of The First Fully-Funded Businesses In The Tampa Bay Area To Raise Capital From Investors Making Tax-Deferred Investments In Qualified Opportunity Funds, Raised $6.2 Million And Now Employs 22 Floridians. “CoLabs, a software incubator that specializes in Software-as-a-Service (SaaS) using Artificial Intelligence and Machine Learning, is one of the first fully-funded businesses in the Tampa Bay area to raise capital from investors making tax-deferred investments in Qualified Opportunity Funds (QOFs). Opportunity Zones, which were created by the Tax Cuts and Job Act in December 2017, make up more than 8,700 census tracts generally located in economically-distressed communities and are designed to spur economic growth and job creation. CoLabs created its QOF after the U.S. Department of Treasury released new regulations in April 2019. Since then, it has attracted 19 investors, raised $6.2 million and now has 22 employees.” (CoLabs, Press Release, 10/24/20)

GEORGIA HAS ENJOYED THE BENEFITS OF THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Georgia Saved $1,262 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Worker Making Between $50,000 And $75,000 In Georgia As A Result Of President Trump’s Tax Cuts Was $1,262.17. (Tax Foundation, 12/17/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 688,310 Families In Georgia To $1.6 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 688,310 Georgia Households $785,737,000, Tax Cuts And Jobs Act Doubled That Savings To $1.6 Billion. (IRS, Accessed 7/14/20)

Georgia’s 260 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 260 Communities In Georgia Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/23/20)

Thanks To The Opportunity Zone Incentives, About 215 Residential Units Will Be Developed On A Site In The City Of Savannah, They Will Be A Mixture Of Multi-Family Units That Will Be Market-Rate Driven. “A new multi-family housing development will soon transform the corner of Liberty and East Broad Streets, inside one of Savannah’s designated Federal Opportunity Zones. Savannah’s three zones, which were created by the Tax Cuts and Jobs Act aim to spur investment in distressed communities throughout the country, were designated in 2018. ‘We pride ourselves and focus on creating communities in both the physical and the social sense by finding ways to improve urban areas and revitalize them and bring them into their next phase as responsible stewards, which is exactly what we are hoping to do in Savannah,’ said Steven Kahn, director for California-based Standard Companies, which will develop approximately 215 residential units at 601 Liberty St. Standard’s plans call for a five-story building with a mixture of multi-family units, that will be market-rate driven and plans for commercial space on the property are still being flushed out, according to Tommy Attridge, director, southeast production for Standard. (Savannah Now, 1/31/20)

IOWA HAS PROSPERED IN THE WAKE OF THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Iowa Saved $1,423 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Worker Making Between $50,000 And $75,000 In Iowa As A Result Of President Trump’s Tax Cuts Was $1,423.99. (Tax Foundation, 12/17/18)

The Tax Cuts And Jobs Act Represents “Substantial” Savings For Small Businesses In Iowa

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

A Manager At Jethro’s BBQ In Western Des Moines Said That Everyone Across The Board Is Taking Home More Money Since The Passage Of The Tax Cuts And Jobs Act. “A manager at Jethro’s BBQ in western Des Moines said: ‘Our employees are bringing home more money. Everyone across the board is taking home more money. I can’t be more clear about that.’ He continued: ‘It is helping the people that work for us.’ (House Republicans, What tax reform means for Iowa, 6/11/18)

Lana Pol, A Small Business Owner In Iowa, Said She Has Enjoyed Her “Substantial” Savings Under The New Tax Law, Thanks To The Deduction For Small Business Owners. “Lana Pol’s small businesses are enjoying big savings under the new tax law — at least for now. The entrepreneur runs four small companies across Iowa, including Mowbility Sales & Service, which sells agricultural equipment, and Geetings Inc., a trucking and warehousing business. Pol said she saw a drop in her overall tax burden this year thanks to the qualified business deduction, a change made to the individual tax code, available for pass-through entities. Her savings look substantial.” (CNBC, 3/18/19)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 243,640 Families In Iowa To $665 Million.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 243,640 Iowa Households $332,441,000, Tax Cuts And Jobs Act Doubled That Savings To $665 Million. (IRS, Accessed 7/14/20)

Iowa’s 62 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 62 Communities In Iowa Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/26/20)

Thanks To The Opportunity Zone Incentives, A Development Will Transform A Vacant Lot On The Periphery Of Downtown Sioux City Into 60 Units That Will Include Housing And Commercial Space. “Brent Dahlstrom, a merger partner, described what the Sioux City council approved as a development agreement with the Cedar Falls company on Monday. ‘The project is a mixture of commercial on the first floor and the residential will be on the upper floor,’ said Dahlstrom. ‘It’s right around 60 units and there’s a little over 6,000 square feet of retail on the first floor.’ Sioux City Mayor Scott said the project will support the growth of walkable neighborhoods and increase economic activity. (Sioux Land, Accessed 12/23/19)

MICHIGAN WORKERS AND BUSINESSES HAVE KEPT MORE OF THEIR MONEY THANKS TO PRESIDENT TRUMP’S TAX CUTS

On Average, Middle-Class Taxpayers In Michigan Saved $1,437 Thanks To The Tax Cuts And Jobs Act.

The Average Tax Cut For A Worker Making Between $50,000 And $75,000 In Michigan As A Result Of President Trump’s Tax Cuts Was $1,437.19, According To The Tax Foundation. (Tax Foundation, 12/17/18)

The Tax Cuts And Jobs Act “Literally Put Money Back Into [The] Pockets” Of Small Business Owners In Michigan

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Max Trier, Co-Owner Of The Mitten Brewing Company, Said That The Tax Cuts And Jobs Act “Literally Put Money Back Into Our Pockets That We Were Spending Before.” "’It literally put money back into our pockets that we were spending before. We had been producing a bunch of new beers that we have been able to research and develop, and we’ve retained key employees, by giving them bonuses, raises, bringing in new employees,’ said Max Trierweiler, co-owner of The Mitten Brewing Company. “ (13ABC, 10/7/19)

Rich Schmitt, Co-Owner Of Stormcloud Brewing, Said That The Tax Credit Was A Immediate Saving For His Small Business, And They Took The Opportunity To Invest In Additional Equipment. “’When the initial tax credit passed, it was an immediate savings for us and we were at a time when our business was continuing to grow, and so we took that opportunity to look at how we could invest in additional equipment, which brought on new employees as well,’ said Stormcloud Co-Owner Rick Schmitt. But taxes for breweries like Stormcloud will go back up at the end of the year, if Congress doesn’t act. ‘We seized the moment two years ago to invest in our company, and it would be not devastating but certainly something we would have to look at moving forward and if this doesn’t get continued on,’ said Schmitt.” (9&10 News, 10/7/19)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 642,940 Families In Michigan To $1.6 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 642,940 Michigan Households $819,296,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $1.6 Billion. (IRS, Accessed 7/14/20)

Michigan’s 288 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

The Tax Cuts And Jobs Act Have Benefitted Michigan’s Small Urban Cities With The Creation Of Opportunity Zones, Which Invests In Low-Income Communities And Increase Employment Opportunities And Stimulates The Economy In The State. “The benefits of the Tax Cuts and Jobs Act are far reaching, extending to Michigan’s small urban cities as well, with the creation of Opportunity Zones, which allow long-term private sector investments in low-income communities nationwide. In Michigan, 282 Opportunity Zones have been certified, potential sites to increase employment and stimulate local economies.” (Michigan Business Network, 10/5/18)

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 288 Communities In Michigan Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/26/20)

Thanks To The Opportunity Zone Incentives, The Capital City Market Project Will Provide A Grocery Store, Housing Development, Hospitality, And Commercial Vibrancy To Downtown Lansing. “Downtown Lansing is getting a $40 million investment, one that will bring a grocery store to the district long noted as a ‘food desert.’ The Gillespie Group, a development firm located in the city, is building a hotel and apartment space in addition to the grocery store. Construction will begin in the spring of 2019. The working name for the grocery store is Capital City Market, Gillespie said. The market will be located on the corner of Michigan Avenue and Larch Street and is expected to include a deli and fresh produce section. Gillespie said adding the grocery store is a necessity for downtown because ‘it’s kind of like a food desert there.’ (State news, 9/4/18)

MAINE HAS BENEFITTED HUGELY FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Maine Saved $1,423 Thanks To The Tax Cuts And Jobs Act.

The Average Tax Cut For A Worker Making Between $50,000 And $75,000 In Maine As A Result Of President Trump’s Tax Cuts Was $1,423.27, According To The Tax Foundation. (Tax Foundation, 12/17/18)

The Tax Cuts And Jobs Act Had A “Huge Impact” On Small Businesses In Maine

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Dan Kleban, Co-Owner Of Maine Beer Co, Said That The Benefits From The Tax Cuts And Jobs Act Will “Create A Stronger Economic Future Here In Maine.” “Kleban said. ‘Growth in Maine’s brewing industry has helped boost other economies throughout the state; creating new agricultural opportunities, helping increase tourism and even shaping beer science programs in our local colleges. In uncertain financial times, these savings help create a stronger economic future here in Maine.’” (MaineBiz, 12/27/19)

Kleban, Said That The Saving From the Bill Had A “Huge Impact” On His Business As They Have Been Able To Reinvest In The Business And His Employees. “’The savings resulting from the adjusted FET rates have had a huge impact on the brewing industry here in Maine,’ Dan Kleban, co-owner of Maine Beer Co., said in a news release from the Brewers Association, a Boulder, Colo.-based trade group. ‘Our company was already in the midst of an expansion when this bill passed, and the savings allowed us to reinvest in the business, our employees and the environment,’ Kleban said” (MaineBiz, 12/27/19)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 87,810 Families In Maine To More Than $200 Million.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 87,810 Maine Households $107,984,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $200 Million. (IRS, Accessed 7/14/20)

Maine’s 32 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 32 Communities In Maine Have Been Designated As Opportunity Zones. ( Community Development Financial Institutions Fund, Accessed 6/23/20)

Thanks To The Opportunity Zone Incentives, Ready Seafood Opened A New Lobster Processing Facility In Saco, ME, Bringing 200 Full-Time Employees To The Area And Creating About 50 New Full-Time Positions. “The new facility represents a $15 million investment and was funded by several grants and economic development programs. Construction of the facility was funded in part by an economic development program that was created as part of the new U.S. tax law. Former Gov. Paul LePage designated Saco as one of 32 federal “Opportunity Zones” in 2018. Businesses that relocate or open in these opportunity zones receive considerable tax breaks. The program is designed to act as an economic revitalizer for regions with long-standing economic challenges. Ready Seafood’s new lobster processing plant brings 200 full-time employees to the area and will create about 50 new full-time positions. Using an automated production process and high-pressure processing technology, the new 40-acre lobster processing facility can process 100,000 pounds of lobster each day. ‘We are seeing a surge in economic development and business expansion in the area as a result,’ said Denise M. Clavette, Planning and Development Director for the city of Saco. ‘We believe Ready Seafood played a huge role in jump-starting the momentum along the Route 1 corridor in Saco.”’ (Maine Biz, 10/28/19)

MINNESOTA WORKERS KEEP MORE OF THEIR MONEY THANKS TO THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Minnesota Saved $1,429 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Minnesotan Making Between $50,000 And $75,000 As A Result Of President Trump’s Tax Cuts Was $1,429.18. (Tax Foundation, 12/17/18)

Small Business

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Grand Rounds Brewery Was Able To Invest In Research And Development Of Their Beers, Update Equipment And Hire Another Brewer Because Of The Passage Of The Tax Cuts And Jobs Act. “Grand Rounds was able to invest in the research and development of their beers, update equipment and hire another brewer, but the tax increase will mean making adjustments. ‘I wish we had, you know, the ability to double our prices and have nobody say anything about it, or take a vote on it, but people vote with their dollars, and they vote with where they’re at,’ Leung said.” (ABC 6 News, 12/5/19)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 412,690 Families In Minnesota To $1.1 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 412,690 Minnesota Households $553,182,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $1.1 Billion. (IRS, Accessed 7/14/20)

Minnesota’s 128 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 128 Communities In Minnesota Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/23/20)

Thanks To The Opportunity Zone Incentives, Brady Real Estate Development is building The Brooklyn Center, A Mixed-Use Building That Will Target Local Immigrant-Owned Startups And Serve As A Business Incubator. “Mike Brady wants to build more than just another office building or retail outlet. ‘Significance is what I’m going after at this stage of my career, having been in commercial real estate for 30 years and development since the mid-2000s,’ said Brady, principal at Brady Real Estate Development. ‘Getting to know the immigrant community has really solidified my passion to work in significance.’ That’s the motivation behind the Brooklyn Building, an 81,000-square-foot coworking and business incubator building at 1601 James Circle proposed by Brady in Brooklyn Center. The property, owned by the city Economic Development Authority, is in the northwest quadrant of the Interstate 694-Highway 100 interchange, immediately south of the Federal Bureau of Investigation offices. Brady plans to focus particularly on minority- and immigrant-owned startup companies. The city has a sizable immigrant community, with 21% of residents born outside the United States, said Meg Beekman, community development director for Brooklyn Center. (Finance & Commerce, Accessed 9/25/19)

THE TAX CUTS AND JOBS HAD HAD A REAL IMPACT IN NORTH CAROLINA

On Average, Middle-Class Taxpayers In North Carolina Saved $1,328 Thanks To The Tax Cuts And Jobs Act.

The Average Tax Cut For A Worker Making Between $50,000 And $75,000 In North Carolina As A Result Of President Trump’s Tax Cuts Was $1,328.02, According To The Tax Foundation. (Tax Foundation, 12/17/18)

The Tax Cuts And Jobs Act Has Allowed Small Business Owners In North Carolina To Invest In Their Workforce And Provide Better Benefits For Employees

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Joe Lee, Who Owns Custom Sheetmetal Services Inc. In Durham And Lee Air Conditioners Inc., Said That The Benefits Has Allowed Him To Invest More Into His Company, And Provide Raises When Needed To His Employees. “‘I think it's a win-win for small business,’ said Joe Lee, who owns with his wife Custom Sheetmetal Services Inc. in Durham and the decades-old family business, Lee Air Conditioners Inc. ‘We're job creators. We hire people. We pay people. We pay them a good salary, (and) they buy goods and products, which helps the economy.’ Cutting the corporate tax from 35 to 21 percent and allowing more deductions for the 17-worker sheet metal business will trickle down, Lee said. ‘Taxes have been a burden,’ he said, adding that the changes will allow ‘more investment into this company, being able to provide raises when needed to these people.’” (WRAL News, 7/13/18)

Benchmark Auto Sales Owner Joe Segrave Said He Was Able To Provide His Staff With Health Insurance, A Benefit He Was Not Able To Provide Before The Tax Cuts And Jobs Act. “A weight many Americans shoulder everyday is now gone for the people who work in gravel lot filled with cars along Brevard Road near the Blue Ridge Parkway. We're talking health care. ‘We had 80 percent of our staff was not insured. We have 100 percent insured now. That's a big feat,’ Benchmark Auto Sales owner Joe Segrave said. It was Segrave's decision, but he said it would not have happened without the tax bill that finally passed on Capitol Hill.” (ABC 13 News, 1/26/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 412,690 Families In Minnesota To $1.1 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 704,290 North Carolina Households $824,772,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $1.6 Billion. (IRS, Accessed 7/14/20)

Minnesota’s 128 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 252 Communities In North Carolina Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/9/20)

Thanks To The Opportunity Zone Incentives, The Remergent Fund Has Backed A $58 Million 300-Unit Residential Development In The Heart Of Downtown Kannapolis, NC. “While steadfast local leadership and some external factors have fueled Kannapolis’ transformation to-date, the community needed commitment from the private sector to reach its full potential. Recognizing this, the Remergent Fund – powered by the Opportunity Zone incentive – backed a $58 million residential development in the heart of downtown. With nearly 300 housing units and a 420 car parking deck, the space will cater to downtown’s growing demands.” (Becker Center, Accessed 5/6/20)

NEW HAMPSHIRE HAS PROSPERED THANKS TO FAIRER TAX POLICIES IMPLEMENTED BY THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In New Hampshire Saved $1,436 Thanks To The Tax Cuts And Jobs Act.

In 2018, The Average Tax Cut For A New Hampshire Worker Making Between $50,000 And $75,000 As A Result Of President Trump’s Tax Cuts Was $1,436 According To The Tax Foundation. ( Tax Foundation, 12/17/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 88,890 Families In New Hampshire To $222 Million.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 88,890 New Hampshire Households $111,199,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $222 Million. (IRS, Accessed 7/14/20)

New Hampshire’s 27 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 27 Communities In New Hampshire Have Been Designated As Opportunity Zones. (“Community Development Financial Institutions Fund, Accessed 7/6/20)

Thanks To The Opportunity Zone Incentives, A $10 Million Investment In A Hilton Hotel Is Under Construction In The Manchester Milyard Area. “Investors in the under-construction Tru by Hilton in the Manchester Millyard will be getting a huge tax break on their $10 million investment because the Millyard has been determined to be in an ‘economically distressed community.’ Keene, Seabrook, Durham, Raymond, Conway and Waterville Valley are also ‘distressed — a term used by federal agencies in determining whether a community can receive status as an Opportunity Zone, where real estate investors can avoid paying capital gains taxes on their investments. The communities are in some of the 27 census tracts that Gov. Chris Sununu designated in May 2018 as Opportunity Zones, a program created last year as part of President Trump’s Tax Cuts and Jobs Act.” (Sentinel Source, 12/7/19)

NEVADA HAS SEEN A SERIOUS PAYOFF FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Nevada Saved $1,341 Thanks To The Tax Cuts And Jobs Act.

In 2018, The Average Tax Cut For A Nevada Worker Making Between $50,000 And $75,000 As A Result Of President Trump’s Tax Cuts Was $1,341, According To The Tax Foundation. ( Tax Foundation, 12/17/18)

The Tax Cuts And Jobs Act Helped Business Owners In Nevada Pay For “Much Needed” Investments Like New Equipment And Give Owners “More Resources For New Hiring, Wage Increases And Bonuses”

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Richard Kerzetski, President Of Universal Plumbing & Heating Co. Located In Las Vegas, Said That He Was Able To Purchase New Trucks, Tools And Office Equipment, And Provide Bonuses Of $500 And $1,000 To Employees After The TJCA Went Into Effect. “As Trump delivered his remarks he was flanked by Richard Kerzetski, president of Universal Plumbing & Heating Co. in Las Vegas, and second-year apprentice John Achzet. It was Achzet’s first visit to the White House, and Kerzetski’s second, having taken a tour of 1600 Pennsylvania Ave. years ago. Kerzetski said the tax cuts paid for purchases of ‘much-needed trucks, tools and office equipment.’ Then there were ‘bonuses of $500 and $1,000 to all our employees.’ And his firm hired several new employees, he said.” (The Las Vegas Review-Journal, 4/12/18)

Nevada Small Business Owner Brian Cassidy, Said Small Business Provisions In The Tax Cuts And Jobs Act Give Owners “More Resources For New Hiring, Wage Increases And Bonuses.” “These provisions allow job creators to save money on a new oven, delivery vehicles or added storefronts the moment they buy them. Perhaps more importantly, small business owners are left with more resources for new hiring, wage increases and bonuses. For my own business, an environmentally friendly debris, clutter and junk removal franchise in Reno, tax savings will translate to hiring more workers and investing in another truck to keep up with demand.” (Op-Ed, The Nevada Independent, 1/26/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 228,880 Families In Nevada To $543 Million.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 228,880 Nevada Households $271,493,000, Tax Cuts And Jobs Act Doubled That Savings To $543 Million. (IRS, Accessed 7/14/20)

Nevada’s 61 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 61 Communities In Nevada Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 2/17/20)

Thanks To The Opportunity Zone Incentives, $94.5 Million Will Be Invested In A Mixed-Use Housing Project, Where 80% Of The Units Will Be Sold Below The Market Rate And Are Geared Towards Veterans, Seniors, And Families. “One of the largest affordable housing projects in Nevada history is coming to Las Vegas, funded in part by private activity bonds and local affordable housing developers. The Las Vegas City Council approved two resolutions today directing the state to provide $22.68 million in financing through the city’s private activity bonds for a 480-unit, majority-affordable, mixed-use housing project at South Decatur Boulevard and Alta Drive. The $94.5 million project, a partnership between the local affordable housing nonprofit Nevada HAND and local developer George Gekakis, would be located in a designated Las Vegas opportunity zone and in an area officials say is in desperate need of revitalization. The complex, which will house seniors, families and veterans, will have one-bedroom, two-bedroom and three-bedroom units. A total of 386 of the units will sell at a below-market rate, ranging from $326 to $1,169 per month.” (Las Vegas Sun, 8/7/19)

THE TAX CUTS AND JOBS ACT WAS A SERIOUS BOOST TO OHIO BUSINESSES AND WORKERS

On Average, Middle-Class Taxpayers In Ohio Saved $1,476 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Worker Making Between $50,000 And $75,000 In Ohio As A Result Of President Trump’s Tax Cuts Was $1,476.26. (Tax Foundation, 12/17/18)

Small Businesses In Ohio Have Seen “Many Benefits” From The Tax Cuts And Jobs Act

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Gary James Reynoldsburg, The President And CEO Of A Small Business Manufacturer Of Electronic Products Company, Said That His Business Has Already Seen “Many Benefits” From The Tax Cuts and Jobs Act. “As the president and chief executive officer of Dynalab Inc., a small-business manufacturer of electronic products in central Ohio, I can say that we already see many benefits provided by the corporate and personal tax-rate reductions of the 2017 act: Larger 2017 year-end bonuses and greater take-home pay for most of our associates. $2 million-plus in new manufacturing equipment.” (Dispatch, 3/22/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 826,190 Families In Ohio To $2 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 826,190 Ohio Households $1,046,786,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $2 Billion. (IRS, Accessed 7/14/20)

Ohio’s 320 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 320 Communities In Ohio Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/23/20)

Thanks To The Opportunity Zone Incentives, Beacon Hill Investment Advisory Is Investing $50 Million Real Estate Fund, Which Will Renovate Homes For Rent And Sale In Low-Income Communities In Columbus, OH. “Columbus-based Beacon Hill Investment Advisory has a unique mission for its newest investment fund. The financial firm is launching the Nest Opportunity Fund for investors in Central Ohio – a real estate investment fund with a shelf of $50 million designed to take advantage of the new federal opportunity zone program to renovate homes in Columbus and Lexington, Kentucky. (Columbus Business First, 12/17/19)

MIDDLE-CLASS WORKERS AND SMALL BUSINESSES IN PENNSYLVANIA HAVE SEEN REMARKABLE GAINS FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Pennsylvania Saved $1,426 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Pennsylvania Worker Making Between $50,000 And $75,000 As A Result Of President Trump’s Tax Cuts Was $1,426.89. (Tax Foundation, 12/17/18)

The Savings From The Tax Cuts And Jobs Act Is “A Big Deal” For Pennsylvania Small Business Owners

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

David Cranston, President Of The Western Pennsylvania Company, Said That The Savings From The Tax Cuts And Jobs Act Is “A Big Deal” For Small Business Owners Like Him. “As president of the western Pennsylvania company, Cranston was there to discuss the benefits of the Tax Cuts and Jobs Act for small business. Founded in 1957 and an NFIB member since 1994, Cranston Material Handling Equipment Corporation sells material handling products. ‘Like many business owners, I pay quarterly estimated taxes,’ Cranston testified. ‘In order to pay those taxes, I take cash from my company each quarter. Those payments suck my working capital right out of my business quarter after quarter. Under the Tax Cuts and Jobs Act’s new Section 199A, I now qualify for a 20 percent deduction on my pass-through income. In real terms, this means I will be able to keep between $1,200 and $2,500 a quarter in my business that I would otherwise have paid in taxes. The ability to keep $5,000 to $10,000 a year in my company is a big deal to a small business owner like me.’ As of January, Cranston has focused on expanding into a new product line. Cranston will purchase new equipment, invest in training, and build a new website, according to his testimony. He credited the tax act for his better financial position to self-fund this new product.” (NFIB, 4/25/18)

Dorothy Andreas, Owner Of Sewickley Spa, Said That The Tax Cut Feel Like The “Government Wants To See Small Businesses Succeed”, She Able To Use The Cuts For New Equipment And At Least Two More New Employees. “For the past decade, Sewickley Spa’s 13 employees didn’t receive annual raises. With economic pressures forcing cuts at the business since the Great Recession of 2007-09, owner Dorothy Andreas said she couldn’t afford pay hikes — though she still managed to provide a bonus every Christmas. But on Dec. 20 — the day Congress gave final approval to the Tax Cuts and Jobs Act — Ms. Andreas decided to ‘pull the trigger’ on raises of 2 percent to 5 percent and bonuses that averaged 2.5 percent. My staff needed a morale booster,” said Ms. Andreas. She welcomes the federal tax changes because she expects them to translate to savings she can pump back into spending for new equipment and at least two more employees. In recent years, her luxury spa — which offers massages, facials, and other salon treatments for men and women — has delayed investments in things like updated computer systems and pedicure chairs. ‘I just want to put it all back into my company,’ she said. ‘It feels like the government wants to see small business succeed and it’s like a breath of fresh air into a very stale climate.’” (Post-Gazette, 2/5/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 823,400 Families In Pennsylvania To More Than $2 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 823,400 Pennsylvania Households $1,023,276,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $2 Billion. (IRS, Accessed 7/14/20)

Pennsylvania’s 300 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 300 Communities In Pennsylvania Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 7/8/20)

Thanks To The Opportunity Zone Incentives, A Downtown Phillipsburg Building That Has Been Vacant For Five Years Will “Undergo Renovations And Welcome A New Tenant.” “After sitting vacant for five years, a downtown Philipsburg building is set to undergo renovations and welcome a new tenant with the help of opportunity zone incentives.” (Centre Daily, 7/23/19)

THE TAX CUTS AND JOBS ACT HAS BEEN A BOON TO SOUTH CAROLINA

On Average, Middle-Class Taxpayers In South Carolina Saved $1,341 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Worker Making Between $50,000 And $75,000 South Carolina A Result Of President Trump’s Tax Cuts Was $1,341. ( Tax Foundation, 12/17/18)  

The Tax Cuts And Jobs Act Helped Small Business Owners In South Carolina Expand Their Businesses And Hire More Employees

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Since The Passage Of The Tax Cuts And Jobs Act, Small Business Owner Bill Mooneyhan, Of Mooneyhan’s Auto Service Was Able To Add A New Bay In His Shop And Hire Additional Employees. “Since then, small businesses across the Second District are expanding and creating jobs. Bill Mooneyhan, of Mooneyhan’s Auto Service in West Columbia, announced he is adding a new bay on to the shop and hiring additional employees. He was joined by National Federation of Independent Business (NFIB) State Director Ben Homeyer.” (The Lexington Ledger, 2/21/18)

Parker Dempsey, president Of Dempsey Wood Products, Said That They Wouldn’t Have Been Able To Expand Their Company If It Wasn’t For The Tax Cuts And Jobs Act. “Second District Republican Congressman Joe Wilson visited Dempsey Wood Products in Orangeburg on Wednesday to get a first-hand look at the impact the Tax Cuts and Jobs Act has had on the company’s growth. Parker Dempsey, president of Dempsey Wood Products, along with his father, Ronny Dempsey, vice president of the company, talked with Wilson about the benefits of the act. ‘We’ve got a big expansion going on now, and we wouldn’t be able to do it without the tax situation and the accelerated depreciation,’ he said. That depreciation is a part of the law and is being offered at 100 percent in 2018 but is subject to yearly change.” (U.S. Congressman Joe Wilson, Press Releases, 5/2/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 341,220 Families In South Carolina To Nearly $8 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 341,220 South Carolina Households $398,186,000, Tax Cuts And Jobs Act Doubled That Savings To Nearly $8 Billion. (IRS, Accessed 7/14/20)

South Carolina’s 134 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 134 Communities In South Carolina Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 7/8/20)

Thanks To The Opportunity Zone Incentives, Spotlight Cinema Restored A Property Into Capital 8 Movie Theater Inside A South Carolina Opportunity Zone. “Spotlight Cinemas recently opened Capital 8 on Columbia Mall Boulevard. This location is part of The Meeting Place Church of Greater Columbia’s 23-acre property, which supports the church’s vision to revitalize the surrounding community. ‘Hosting moviegoers in an affordable, clean and relaxing movie theater is very important to me and I look forward to connecting with the people that visit us at Capital 8,’ Rick Phillips, Owner of Spotlight Cinemas said. The new theater not only replaces a former movie theatre once located in the area, but also restores a property encompassed within a South Carolina Opportunity Zone. Opportunity Zones are a new community development program designed to encourage long-term, private investments in economically distressed communities designated for growth and development.” (WIS News , 1/16/19)

MIDDLE-CLASS TEXANS HAVE PROFITED FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Texas Saved $1,324 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Worker Making Between $50,000 And $75,000 In Texas As A Result Of President Trump’s Tax Cuts Was $1,324.56. ( Tax Foundation, 12/17/18)  

Savings From The Tax Cuts And Jobs Act Provided “Much Needed Relief” To Small Businesses In Texas

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Round Rock Roofing Business Co-Owner Stacie Feller Said That The Tax Cuts Has “More Than Tripled Its Revenue And More Than Doubled Its Payroll, To 24 Employees” And They Were Able To Provide Health Insurance And An Individual Retirement Account Plan For Their Employees. “Round Rock roofing business co-owner Stacie Feller credited Trump with boosting businesses’ confidence. She and her husband Scott’s Kanga Roof Austin has has more than tripled its revenue and more than doubled its payroll, to 24 employees, since January 2017, she said. ‘I’m very proud to say with some of the tax cuts, some of the things, this year, 2019, was the first year we were able to offer health insurance and a simple [Individual Retirement Account] plan for our employees,’ she said. ‘We just couldn’t afford it before.’” (Dallas News, 8/29/19)

President Bill Cox Of Cox Manufacturing Said That The Saving Provides “Much-Needed Relief” To His Company As he Can Add More Staff, And Equipment To Handle The Increase In Orders They Have Received. “For Cox, those savings may give the manufacturer some much-needed relief as it adds staff and equipment necessary to handle the increased orders the company’s been receiving over the last month or so, President Bill Cox said. ‘The biggest benefit I think is not the tax savings, but the activity that’s going on. It’s just like crazy,’ said Cox, whose company employs 150 and makes machined and other parts. ‘I had some older machines that we wanted to phase out and I just couldn’t believe how quickly they sold. I’m getting pressure to release them sooner than I wanted to.’” (San Antonio Express News, 2/7/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 2,072,250 Families In Texas To Nearly $5 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 2,072,250 Texas Households $2,488,757,000, Tax Cuts And Jobs Act Doubled That Savings To Nearly $5 Billion. (IRS, Accessed 7/14/20)

Texas’ 628 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 628 Communities In Texas Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/22/20)

Thanks To The Opportunity Zone Incentives, A Project Based In West Downtown San Antonio Will Build 24 Mixed-Income Apartments, Where Half Of The Units Will Be Set Aside For Residents Making 60% Or Less Of Area Median Income. “A mixed-income apartment complex on the near West Side is the first to break ground under the city’s Neighborhood Improvements bond, part of the $850 million package voters approved in 2017. The project also will receive a property tax break and benefit from its location in an opportunity zone. Terramark Urban Homes plans to build 24 units on an empty lot on the 700 block of South Frio Street, near the University of Texas at San Antonio’s downtown campus. Half will be set aside for residents making up to 60 percent of the area median income, with a maximum rent for a two-bedroom costing around $950 a month, said John Cooley, the company’s chief operations officer.” (San Antonio Express News, Accessed 2/25/20)

THE TAX CUTS AND JOBS ACT HAS BEEN A REAL ADVANTAGE FOR VIRGINIANS

On Average, Middle-Class Taxpayers In Virginia Saved $1,291 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, In 2018 The Average Tax Cut For A Virginia Worker Making Between $50,000 And $75,000 As A Result Of President Trump’s Tax Cuts Was $1,291.80. (Tax Foundation, 12/17/18)

Investing In Their Business Became “Much Easier” For Small Business Owners In Virginia Thanks To The Tax Cuts And Jobs Act

The New Deduction Will Provide Small Businesses With An Increase In Their Write Off Ability Which Will Help Them Purchase New Vehicles And Equipment. “‘For small businesses that are purchasing new vehicles or equipment, the TCJA has been beneficial to increase their write-off ability,’ he said. ‘The byproduct of increasing depreciation deductions will result in more purchases and increased revenue opportunities for those that sell vehicles, machinery and equipment.’” (Business News Daily, 12/19/19)

Port City Brewing, Located in Alexandria Was Able To Provide Better Benefits For Their Employees, And Add More Equipment Due To The Lower Tax Rate From The TCJA. “With that money, Port City was able to pay its employees more, provide them with better benefits, including the employer match for retirement, and add more tanks and automation, he said. ‘All those things have become much easier with this lower tax rate,’ Butcher said.” (The Washington Examiner, 9/26/19)

Gary Desilets, Owner Of A Patio And Deck Company In Virginia, Said Investing In Their Business And Employees Has Become “Much Easier” Thanks To The Tax Cuts And Jobs Act. “Gary Desilets, Deckscapes (Virginia): ‘With repealing of regulations and renewed optimism, business has grown considerably over the last year and now with this tax cut, gee-whiz, just the other day we went out with a minimum of 7 percent pay raise to our employees, some of them got higher. We changed our bonus structure, we’re starting IRAs for all the employees, and went out and purchased a bunch of trucks.’” (House Republicans, How Tax Reform Changed Our Lives, 4/17/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 560,720 Families In Virginia To Nearly $1.4 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 560,720 Virginia Households $681,796,000, Tax Cuts And Jobs Act Doubled That Savings To Nearly $1.4 Billion. (IRS, Accessed 7/14/20)

Virginia’s 212 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 212 Communities In Virginia Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 11/25/19)

Thanks To The Opportunity Zone Incentives, A Non-Profit Food Co-Op Based In Fredericksburg Is Establishing An Opportunity Fund To Raise $1.5 Million To Build A New Grocery Store In Northern Fredericksburg. “The Fredericksburg Food Co-op is developing an Opportunity Zone Fund program to help raise the $1.5 million it still needs for the grocery store it plans to open next year. The nonprofit has already raised more than $1.7 million in member loans and more than $200,000 in equity through memberships for the community-owned store. It will be located in the former Kabul Mart at 320 Jefferson Davis Highway in Lee Plaza.” (Fredericksburg.com, Accessed 7/14/20)

THE TAX CUTS AND JOBS ACT IS WORKING FOR WISCONSIN

On Average, Middle-Class Taxpayers In Wisconsin Saved $1,411 Thanks To The Tax Cuts And Jobs Act.

According To The Tax Foundation, The Average Tax Cut For A Worker Making Between $50,000 And $75,000 In Wisconsin As A Result Of President Trump’s Tax Cuts Was $1,411.88. ( Tax Foundation, 12/17/18)

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 425,020 Families In Wisconsin To More Than $1.1 Billion.

The Child Tax Credit Primarily Benefits Middle Class Households Earning Between $50,000 And $100,000. (Tax Foundation, 10/31/18)

In 2017, The Child Tax Credit Saved 425,020 Wisconsin Households $562,733,000, Tax Cuts And Jobs Act Doubled That Savings To More Than $1.1 Billion. (IRS, Accessed 7/14/20)

Wisconsin’s 120 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

As Part Of The Tax Cut And Jobs Acts’ Opportunity Zones Program, 120 Communities In Wisconsin Have Been Designated As Opportunity Zones. (Community Development Financial Institutions Fund, Accessed 6/22/20)

Thanks To The Opportunity Zone Incentives, A Small Community In Northern Wisconsin Will Be Built On A Furniture Factory That Closed In The 1970s, The New Construction Will Include Startup And Maker Spaces, Community Gathering Points, And A Dense Mix Of Housing Integrated Into The Community. “The project is 210,916 total building square feet; there will be 211 residential units and nearly 30,000 square feet of commercial / retail area. The name ‘North Side Yard’ and the stacked timber architectural elements pay homage to the community’s beginnings in the lumber industry. The site was formally known as the ‘Lullabye Furniture Site,’ in reference to the furniture factory that was established at the site in the late 1800s. The furniture factory closed in the 1970s. Since then, the City of Stevens Point invested in removing contamination and making the vital site ready for redevelopment that would help position downtown Stevens Point as both a destination and a home for residents and visitors. (Merge Urban Development, Accessed 7/14/20)

Budget and Spending Taxes Read more research

Americans Are Loving The Trump Tax Cuts

Americans Have President Trump To Thank For Savings On Tax Day

Americans Across The Country Are Reaping The Rewards Of The Tax Cuts & Jobs Act

From Arizona To Maine, Small Businesses, Working Families And Middle-Class Taxpayers Around The U.S. Get To Keep More Of Their Money Thanks To President Trump’s Tax Cuts

ARIZONA CONTINUES TO ENJOY THE BENEFITS OF THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Arizona Saved $1,354 Thanks To The Tax Cuts And Jobs Act.

Small Business Provisions Of The Tax Cuts And Jobs Act Were “Good News” For Arizona Businesses

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 483,720 Families In Arizona To More Than $1.1 Billion.

Arizona’s 168 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

COLORADO HAS BENEFITTED TREMENDOUSLY FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Colorado Saved $1,425 Thanks To The Tax Cuts And Jobs Act.

Jack Mozloom, A Spokesman For The National Federation Of Independent Businesses, Praised The Tax Cuts And Jobs Act Saying 90% Of Small Business Will Benefit From The Changes

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 393,820 Families In Colorado To More Than $1 Billion.

Colorado’s 126 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

THE TAX CUTS AND JOBS ACT HAS PRODUCED REAL RESULTS FOR FLORIDIANS

On Average, Middle-Class Taxpayers In Florida Saved $1,354 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 1,285,370 Families In Florida To More Than $2.8 Billion.

Florida’s 427 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

GEORGIA HAS ENJOYED THE BENEFITS OF THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Georgia Saved $1,262 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 688,310 Families In Georgia To $1.6 Billion.

Georgia’s 260 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

IOWA HAS PROSPERED IN THE WAKE OF THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Iowa Saved $1,423 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act Represents “Substantial” Savings For Small Businesses In Iowa

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 243,640 Families In Iowa To $665 Million.

MICHIGAN WORKERS AND BUSINESSES HAVE KEPT MORE OF THEIR MONEY THANKS TO PRESIDENT TRUMP’S TAX CUTS

On Average, Middle-Class Taxpayers In Michigan Saved $1,437 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act “Literally Put Money Back Into [The] Pockets” Of Small Business Owners In Michigan

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 642,940 Families In Michigan To $1.6 Billion.

Michigan’s 288 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

MAINE HAS BENEFITTED HUGELY FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Maine Saved $1,423 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act Had A “Huge Impact” On Small Businesses In Maine

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 87,810 Families In Maine To More Than $200 Million.

Maine’s 32 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

MINNESOTA WORKERS KEEP MORE OF THEIR MONEY THANKS TO THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Minnesota Saved $1,429 Thanks To The Tax Cuts And Jobs Act.

Small Business

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 412,690 Families In Minnesota To $1.1 Billion.

Minnesota’s 128 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

THE TAX CUTS AND JOBS HAD HAD A REAL IMPACT IN NORTH CAROLINA

On Average, Middle-Class Taxpayers In North Carolina Saved $1,328 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 412,690 Families In Minnesota To $1.1 Billion.

Minnesota’s 128 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

NEW HAMPSHIRE HAS PROSPERED THANKS TO FAIRER TAX POLICIES IMPLEMENTED BY THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In New Hampshire Saved $1,436 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 88,890 Families In New Hampshire To $222 Million.

New Hampshire’s 27 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

NEVADA HAS SEEN A SERIOUS PAYOFF FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Nevada Saved $1,341 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act Helped Business Owners In Nevada Pay For “Much Needed” Investments Like New Equipment And Give Owners “More Resources For New Hiring, Wage Increases And Bonuses”

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 228,880 Families In Nevada To $543 Million.

Nevada’s 61 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

THE TAX CUTS AND JOBS ACT WAS A SERIOUS BOOST TO OHIO BUSINESSES AND WORKERS

On Average, Middle-Class Taxpayers In Ohio Saved $1,476 Thanks To The Tax Cuts And Jobs Act.

Small Businesses In Ohio Have Seen “Many Benefits” From The Tax Cuts And Jobs Act

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 826,190 Families In Ohio To $2 Billion.

Ohio’s 320 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

MIDDLE-CLASS WORKERS AND SMALL BUSINESSES IN PENNSYLVANIA HAVE SEEN REMARKABLE GAINS FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Pennsylvania Saved $1,426 Thanks To The Tax Cuts And Jobs Act.

The Savings From The Tax Cuts And Jobs Act Is “A Big Deal” For Pennsylvania Small Business Owners

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 823,400 Families In Pennsylvania To More Than $2 Billion.

On Average, Middle-Class Taxpayers In South Carolina Saved $1,341 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 341,220 Families In South Carolina To Nearly $8 Billion.

South Carolina’s 134 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

MIDDLE-CLASS TEXANS HAVE PROFITED FROM THE TAX CUTS AND JOBS ACT

On Average, Middle-Class Taxpayers In Texas Saved $1,324 Thanks To The Tax Cuts And Jobs Act.

Savings From The Tax Cuts And Jobs Act Provided “Much Needed Relief” To Small Businesses In Texas

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 2,072,250 Families In Texas To Nearly $5 Billion.

Texas’ 628 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

THE TAX CUTS AND JOBS ACT HAS BEEN A REAL ADVANTAGE FOR VIRGINIANS

On Average, Middle-Class Taxpayers In Virginia Saved $1,291 Thanks To The Tax Cuts And Jobs Act.

Investing In Their Business Became “Much Easier” For Small Business Owners In Virginia Thanks To The Tax Cuts And Jobs Act

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 560,720 Families In Virginia To Nearly $1.4 Billion.

Virginia’s 212 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

THE TAX CUTS AND JOBS ACT IS WORKING FOR WISCONSIN

On Average, Middle-Class Taxpayers In Wisconsin Saved $1,411 Thanks To The Tax Cuts And Jobs Act.

The Tax Cuts And Jobs Act Doubled The Child Tax Credit, Increasing Savings For 425,020 Families In Wisconsin To More Than $1.1 Billion.

Wisconsin’s 120 Opportunity Zones Are Already Spurring Investment Into Distressed Communities In The State.

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