Political Quotes

“Mr. President, on another note, we heard some great news yesterday, in terms of our economy. Consumer confidence has jumped to a 17-year high. Optimism continues to surge as employers and payroll services across the country continue to implement the reforms to our Tax Code that we passed last December in the Tax Cuts and Jobs Act. What is more, the Treasury Department has now released the new withholding tables that went into effect earlier this month and reflect the changes passed as part of the Tax Cuts and Jobs Act. I got a call from someone close to me. I will leave it at that--I don't want to embarrass her--who said she opened her paycheck, and she had $240 more in her paycheck than she had in the previous month as a result of the Tax Cuts and Jobs Act. She didn't regard this as crumbs; she thought it would make a positive difference in her life. I think many Americans are having the same experience, seeing an increase in their take-home pay even in the month of February. As I said, for some, it is several hundred dollars extra each pay period, which is money that can be saved for a rainy day or invested for their retirement or future, or it could be used to pay for their child's education or to put new tires on their car. A married couple with two children, making about $75,000 a year, will see an estimated tax cut of approximately $2,000. That is just on the individual side.…”