(12-22-2017 12:29 PM)bullet Wrote:  

(12-22-2017 09:07 AM)solohawks Wrote:  What do you guys think the biggest positive is for the average citizen?

I would have to think the doubling of the child tax credit and the fact that a significant percentage is refundable, would be a great selling point to the public at large

In the long run its the cut in the corporate tax rate. The Europeans are already worried they will lose jobs to the US. That tells me it will have an impact.

On a shorter term basis, doubling the standard deduction and lowering rates. Less need to itemize and you pay less tax.

Definitely agree about the corporate rate being cut being huge.

However, I don't believe the average citizen will get excited because the corporate tax rate got cut. They will get excited if their child tax credit got doubled. If you are already taking the standard deduction that is crucial too, but if new standard deduction equals what you have been itemizing then its kind of a wash.

That's why I think the GOP should market the doubling of the child tax credit. That effects both sides of the aisle and is something that is hard to argue against.