Even though the Republican tax cuts were only signed into law a little over 2 months ago, the economic benefits are already being felt across the country. Americans’ after-tax personal income and real disposable income increased in 2018 thanks to the tax code changes ushered in by the GOP tax relief legislation.
The income increases are the most American families have seen in five years, and follow the almost $30 billion given out in bonuses thanks to the Republican tax relief. As families across the country continue to see bigger paychecks, will red state Democrats finally own up to being wrong about voting against the long-awaited tax relief? Or will they join their extreme Democratic colleagues and advocate for a repeal of the tax cuts?
“Consumer confidence, after-tax income and disposable income are going up thanks to the effects of the GOP tax relief plan,” said Katie Martin, NRSC Communications Director. “As red state Democrats continue to fumble with their opposition to the tax cuts, isn’t it time they own up to the fact that they were wrong to oppose it in the first place?”