Median household income in California’s 10th District has risen five percent over the last year from $60,235 to $63,223, according to a new U.S. Census Bureau report, a signal that the strong economy and tax reform are working in the Central Valley. When U.S. Representative Jeff Denham took office in 2011, the median household income in Stanislaus and San Joaquin Counties averaged at $47,464.50 per year. “Hardworking Central Valley families are benefiting from tax reform,” said Rep. Denham. “Pro...
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U.S. Representative Jeff Denham (CA-10) today spoke on the positive impacts of the Tax Cuts and Jobs Act in a speech on the floor of the U.S. House of Representatives. Rep. Denham highlighted the success of the bill for Central Valley’s small businesses, agriculture industry, communities and families in bringing the American Dream within reach for people across California’s 10th district. The bill cut rates for individuals and families across the board, doubled the standard deduction, doubled th...
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It was a good week for one of the most talked-about pieces of legislation the country has seen this year. The Tax Cuts and Jobs Act, or H.R.1, passed through the U.S. House of Representatives and the U.S. Senate on Wednesday, and was signed into law by President Donald Trump on Friday. ... The bill passed through the House in a 224 to 201 vote. Congressman Jeff Denham gave the bill a thumbs-up, describing it as a "win for the Valley and for everyone who will see an increase in their paychecks in...
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Congress has passed the Tax Cuts and Jobs Act, clearing the way for President Trump to sign into law the first comprehensive tax reform passed in over 30 years. “Congress has delivered on our promise to lower taxes for the middle class by reducing rates while preserving the credits and deductions that matter most to the people I represent – like the now-doubled Child Tax Credit. The lowering of marginal tax rates means Americans will receive more money in their paychecks immediately, and at mini...
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Valley residents are taxed too much, the United States is falling behind other countries competitively, we continue to lose American jobs overseas, and we are over $20 trillion in debt. Last week, the House took a big step toward addressing these issues by introducing a tax reform bill that will reduce the tax burden of individuals and families in all tax brackets, make our businesses more competitive, and grow our economy. If passed and signed into law this year, this bill will provide much-nee...
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