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TexAgRepublican

Working Class Tax Relief Act

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Mr. Swanner, for himself, submits

A BILL

To increase the standard deduction. 

SECTION 1. SHORT TITLE.

(a) This act shall be cited as the Working Class Tax Relief Act.

SEC. 2. INCREASED STANDARD DEDUCTION.

(a) The standard deduction for income taxes will be increased to the following levels:

(1) $25,000 for single filers.

(2) $50,000 for married filing jointly.

(3) $37,500 for head of household.

SEC. 3. ENACTMENT.

(a) This act shall take effect immediately.

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Business conservatives love any sort of tax cuts, while moderates and progressives are happy that it will allow the middle class and lower to save too.

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