Connect with us

Hi, what are you looking for?

Florida Politics

Ross Spano: Another Year of Tax Cuts Thanks to President Trump

Thanks to President Trump, 82 percent of middle-income Americans experienced a tax cut because a majority of the tax savings going to low and middle-income households. As a result of the historic Tax Cuts and Jobs Act, the average American worker takes home an extra $100 a month in their paycheck.

Share Story Via Text, E-Mail, Facebook or Twitter

Floridians across the board are paying less taxes for the second year in a row, as a result of President Donald Trump’s pro-growth policies.

Thanks to President Trump, 82 percent of middle-income Americans experienced a tax cut because a majority of the tax savings going to low and middle-income households. As a result of the historic Tax Cuts and Jobs Act, the average American worker takes home an extra $100 a month in their paycheck.

In the Sunshine State, Floridians received an average tax cut of $1,354 and in 2018, the Tax Cuts and Jobs Act created more than 12,600 jobs. Despite what Nancy Pelosi tries to say, this relief is anything but “crumbs” to hard-working Floridians.

The Tax Cuts and Jobs Act lowered the individual tax rates for low- and middle-income Floridians, doubled the standard deduction and doubled the Child Tax Credit. More than 7.5 million Floridian households have benefited from the standard deduction doubling, while nearly 1.3 million Florida households are continuing to benefit from the child tax credit increase.

As a result of the GOP tax cut, small businesses are experiencing a 20 percent deductionon business income, full and immediate expensing of short-term capital investments, and a 25 percent tax credit for businesses offering paid family leave.

Another life-changing result of the Tax Cuts and Jobs act is opportunity zones, which give investors a tax incentive to put money into distressed communities. Nearly 9,000 opportunity zones were created in all 50 states, DC, and five territories, with 427 opportunity zones designated in Florida.  These opportunity zones have already spurred hundreds of investments in communities across our great nation.

These are huge benefits that Democrats want you to ignore.

Joe Biden said the “first thing” he would do in office is repeal the GOP tax cuts. This isn’t shocking, since he already told us he wants to raise our taxes.

See also  Poll: Most Voters Think Others Are Making Decisions for Biden in White House

His $4 trillion tax hike would hurt the economy and kill more than 500,000 American jobs.

Floridian job creators don’t deserve this. His plan would increase the corporate tax rate, raise the capital gains tax, and enforce a 12.4 percent payroll tax on income earned above $400,000.

President Trump wants Floridians to see more of their paycheck in their pockets, while Joe Biden wants to take more away. It’s that simple.

Joe Biden’s plans to crush our economy do not end there. He has proposed a dangerous Green New Deal initiative that would cost each Florida household $73,000 in its first year alone.

President Trump and Republican leadership put Americans first by repealing and replacing a 30-year old, outdated tax policy that was crippling our economy. Joe Biden’s plan is to revert back, lowering our GDP by over 1.5 percent and increase tax revenue by $3.8 trillion over the next decade, and he isn’t even hiding it.

The facts are clear, President Trump built the strongest economy in the world once and, based on the last two jobs report, he is poised to do it again. In Joe Biden’s America, Floridians will once again be tethered by unfair policies and regulations. Because of this, the Sunshine State trusts our economy in the hands of President Trump which is why we will send him back to the White House in November.

U.S. Rep. Ross Spano, R-Fla., was first elected to Congress in 2018.



Share Story Via Text, E-Mail, Facebook or Twitter
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us on Social Media

Ed Dean: Publisher


Ed Dean is a leading radio and news media personality including hosting the #1 statewide radio talk show in Florida. Contact

Article Archives

Related Stories


Getting your Trinity Audio player ready... OP-ED prediction by publisher Ed Dean Liberal groups have been conducting polls for Vice President Kamala Harris about whether...


Some polls have shown a drop for President Biden since the debate disaster from last month, but that isn’t stopping Florida Democrats from scaling...

Most Recent

I am a conservative, a registered Republican, and philosophically, could be categorized as a traditional Classical Liberal, although that term is about as extinct...


Two weeks after President Joe Biden’s poor debate performance spurred panic among Democratic Party leadership, new poll results indicate that American voters are skeptical...


Calls for President Joe Biden to not run for reelection are going nowhere with Joe. He, Jill, convicted felon-Hunter, and the rest of the...


Instead of a long-drawn-out platform, the Trump campaign has directed the Republican Party to streamline its views on certain positions while ignoring others the...


GUEST OP-ED BY BARNEY BISHOP This is rich. The convicted felon that is First Son Hunter Biden, and Scamming-Enabler First Lady Jill Biden, and...


Reports indicate that First Lady Jill Biden is refusing to let advisors and leaders in the Democratic Party persuade President Joe Biden to stop...