Myth vs. Fact: the $1,182 Tax Cut | Speaker.gov

MYTH

The $1,182 tax cut for the typical American household isn't very much.

FACT

Millions of Americans are living paycheck to paycheck. Almost half the country says they would not be able to pay an unexpected bill of $400 or more. When faced with that reality, a tax cut of $1,182 for the typical American household can go a long way towards providing peace of mind and financial stability.

More in our Myth vs. Fact series:

  1. Corporate Taxes
  2. A Tax Cut for Middle-Income Families
  3. Homeowner Deductions

Tags: Tax Reform