Posted on April 17, 2018
Says new tax law has led to creation of new jobs, rising family incomes, and increased competition for higher wages.
WASHINGTON, April 17, 2018 – United States Senator Lamar Alexander (R-Tenn.) said on Tax Day, most Tennessee families should be able to keep more money in their wallets thanks to lower taxes this year.
“Tennessee families have come to see Tax Day as a frustrating reminder that the federal government is trying to do too much and taking more of their hard-earned money,” Alexander said. “Fortunately, this Tax Day, most Tennessee families should be seeing bigger paychecks thanks to the tax law passed by the Republican Congress and signed into law by President Trump in December.”
Alexander continued: “The new tax law could be the most important change in our economy for a long time, and we will continue to see the creation of new jobs, rising family incomes, and increased competition for higher wages. I believe that as Tennesseans continue to experience bigger paychecks thanks to tax reform, our economy will continue to grow. President Trump has made a real contribution to lowering taxes and reducing regulations to get our economy moving again.”
Senator Alexander writes more about how the new tax law will benefit Tennesseans when they file their taxes next year after all of the new changes have taken effect HERE.