Every American received a reduction in taxes
US TAXES
Tax Cuts and Jobs Act overhaul of US tax code in place since 1990, signed in 2017.
Decrease corporate tax rate to 21% from 35% increasing capital for more jobs / salaries
Temporary benefits for individuals increase
Small Businesses have the Lowest Top Marginal Tax Rate in more than 80 years due to the tax cuts under Trump.
Child and Dependent Care Tax Credit (CDCTC) provides a tax credit equal to up to 35% of child care expenses, $3,000 per child, and $6,000 per family plus Flexible Spending Accounts (FSA) to allow for setting aside up to $5,000 in pre-tax dollars to use for child care.
Tax Cuts and Jobs Act doubled the maximum amount of the child tax credit available from $1,000 to $2,000 and lifted the income limits so that more people could benefit.
Tax Cuts and Jobs Act added a new tax credit of $500 for other dependents.
Tax Cuts have resulted in over $1 trillion of taxes back into the US from overseas