Rep. Fitzgerald Highlights Wins for Wisconsinites in the Working Families Tax Cuts Following Tax Season
WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) issued the following statement highlighting major wins for hardworking Americans in the Working Families Tax Cuts following tax season:
“As a result of the Working Families Tax Cuts, Wisconsinites are seeing the benefits of lower taxes. This year, the average taxpayer in Wisconsin will see a tax cut of $3,177. In addition, a family of four with two children earning up to $73,000 will owe $0 in federal income taxes.
“I was proud to support this legislation, which resulted in the largest tax cut in U.S. history. We also secured:
- No tax on tips: $25,000 deduction for tipped income.
- No tax on overtime: $12,500 deduction on overtime premium pay.
- No tax on Social Security: $6,000 bonus deduction for millions of seniors.
- Protects family farms from the death tax: permanently doubles the death tax exemption to ensure family farms can be passed to the next generation.
- Permanently increases the child tax credit: locks in the doubled credit and permanently raises it to $2,200 per child.
- No tax on auto loan interest: $10,000 deduction for interest on new cars made in the United States.
- Increases affordable lending for farmers and ranchers: creates a new tax benefit to reduce the borrowing costs for family farms.
- Trump Accounts: $1,000 deposit for all newborns into new savings accounts to support their future.
- Supports small businesses: makes the 20% small business deduction permanent.
“These reforms put more money back in the pockets of working families, farmers, seniors, and small businesses across Wisconsin. I will continue fighting for policies that lower costs and grow our economy.”
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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Fitzgerald protects child rapists in congress. He is a fraud.