Fact Check: Tax Cuts And Jobs Act Did NOT Raise Taxes On Most People Earning Under $75,000
Did the Tax Cuts and Jobs Act raise taxes on most people earning under $75,000? No, that's not true: The 2017 law aimed to lower taxes for individuals through measures such as reducing income tax rates and raising the standard deduction. While the vast majority in the under $75,000 income group benefited from reduced taxes, a small percentage saw their…