Jct the hated amt that is being repealed. But unless a future congress extended that repeal it would expire 2025, along with the new seven tax brackets, slightly adjusted in the revision. New standard deductions, take deduction double, almost for a single filer, 24,000 for joint filers, those would expire if in the extended. Child cac credit and passthrough income tax for qualified individuals Business Owners those would expire without extension. It is important to remember, this does deliver tax reform as the republicans have promised to the middle class. Here is what we heard from mark short, earlier this morning when he was speaking with Maria Bartiromo on how the white house views all of this. One is, it very much is middle income tax relief. 80 of the people paying penalty on obamacare taxes are those earning 50,000 or less. It is, as your panel said, regressive tax. It hurts lowest and middle income families the most. Repealing the tax will be beneficial to working families. Repo
Rathangan s Rachel Doyle is the is 2022 World Irish dance Champion. She won her prize at the World Irish Dance Championships at the Emmi Arena in Germ.