It's all in the details...
The Tax Cuts and Jobs Act (PDF) passed by the Senate last week, as with the House bill of the same name, could create major changes in Americans’ lives that many are just beginning to fathom, Tobie Stanger writes on consumerreports.org.
Congress still has to combine the bills into a single piece of legislation. But based on the bills’ similarities, it’s likely that the final resulting law will have huge implications for most Americans, from where they choose to live, to how they pay for their own or their children’s education, to how—or whether—they’ll get health insurance, Stanger added.
For examples of how the bill could change life for some typical households: https://www.consumerreports.org/money/will-the-tax-bills-cost-or-save-you-money/
Photo: Pinterest.
Congress still has to combine the bills into a single piece of legislation. But based on the bills’ similarities, it’s likely that the final resulting law will have huge implications for most Americans, from where they choose to live, to how they pay for their own or their children’s education, to how—or whether—they’ll get health insurance, Stanger added.
For examples of how the bill could change life for some typical households: https://www.consumerreports.org/money/will-the-tax-bills-cost-or-save-you-money/
Photo: Pinterest.
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