Author Topic: Congress delivers one big, beautiful win for the middle class  (Read 54 times)

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Offline mystery-ak

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Congress delivers one big, beautiful win for the middle class
Republican legislation makes middle-class tax cuts permanent while expanding child tax credit for families across the country
By Sarah Chamberlain Fox News
Published July 3, 2025 4:42pm EDT

 The House and Senate have done their jobs, the "One Big Beautiful Bill" has crossed the finish line. For frontline members of Congress across the country, this is more than just a legislative victory, it is a political boon heading into the upcoming midterms. This bill delivers real relief to hardworking Americans, and our main street members now have a clear message to take home: We kept our promises.

This law protects the middle-class tax cuts that have fueled economic growth, expanded the child tax credit that so many families rely on, and ends taxes on tips and overtime, giving hourly workers the raise Washington never let them keep before. These wins are not abstract. They are personal, tangible, and powerful.

Let’s start with taxes. For the last several years, millions of families have benefited from lower individual tax rates that helped stretch paychecks further and keep small businesses afloat. But those cuts were set to expire. Had Congress failed to act, families across the country would have faced a surprise tax hike in the middle of an already uncertain economy. Now, those cuts are permanent, and our members can proudly say they stood on the side of working Americans.

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https://www.foxnews.com/opinion/congress-delivers-one-big-beautiful-win-middle-class
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Offline DB

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Re: Congress delivers one big, beautiful win for the middle class
« Reply #1 on: July 03, 2025, 08:30:06 pm »
Is the 5 year R&D depreciation tax still present???

All R&D costs, payroll for example, have to be depreciated over 5 years since 2022. Deadly for any company that does significant R&D (includes companies that pay programmers to create new programs). Very expensive for R&D heavy businesses.