In the News
Denham: Tax plan ‘promotes real economic growth’http://www.turlockjournal.com/section/14/article/35376/
The first major rewrite of the U.S. tax code in three decades is in the works, as Senate Republicans revealed the details of their sweeping tax legislation Thursday.
... Denham’s average constituent, or about 70 percent of the people he represents, claim the standard deduction, he said. This means the first $12,000 per year an individual earns (up from $6,350) and the first $24,000 per year a family earns (up from $12,700) is tax-free. “The Tax Cuts and Jobs Act presents the first opportunity in three decades to create a fairer, simpler tax code that lowers rates, promotes real economic growth, creates jobs, and puts more money in workers’ pockets at the same time,” said Denham. “I am encouraged by this proposal before us, and I invite you to read it and contact my office with your comments for consideration as we move forward in this process.” Read more here |