Tax reform’s second windfall is occurring at the state level

  • by:
  • Source: The Hill
  • 04/09/2021
Americans are beginning to enjoy the benefits from the first federal tax reform since Ronald Reagan, more than 31 long years ago. The American economy is responding in an overwhelmingly positive way.

According to a recent survey from Americans for Tax Reform, more than 500 businesses have publicly announced bonuses, wage increases, 401(k) match increases, expansions, charitable contributions and utility-rate reductions as the result of the federal Tax Cuts and Jobs Act (TCJA) signed into law by President Donald Trump in December.

In addition, the recent national jobs numbers show unemployment has fallen to 3.9 percent — the lowest level since 2000 — and the National Federation of Independent Business (NFIB) reports record small business optimism. These are just a few of the early dividends of tax reform that will benefit hardworking American taxpayers.

However, the untold story of federal tax reform’s success is the opportunity the new law has provided policymakers across America’s 50 “laboratories of democracy,” where unexpected tax receipts that are directly linked to changes in the federal tax code have been a game changer in many state capitols this year.
by is licensed under

Help FAIRtax Become The Number One Issue in 2025

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Help out with a One-Time Contribution

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help FAIRtax.org bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.

Billing information (REQUIRED)

Payment information (REQUIRED)

To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes for any reason to your existing Monthly Donation or if you have a question about any charge, Please email info@FAIRtax.org or call ‭(800) 324-7829‬
Provide ONLY your name and phone number, do not provide any card info.

Please Note that inputting your new information at our website won't update your account.

Thank you for your support!


Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

Connect

Share