Question

What was an effect of tax legislation signed by President Trump in 2017?

A.
It lowered tariffs on imported goods.
B.
It created incentives for companies to fill full-time positions.
C.
It increased government spending on low-income families.
D.
It decreased health care costs for the lowest income workers.
E.
It provided tax benefits to the wealthiest Americans.

Answer 1

An effect of tax legislation which was signed by president Trump in 2017 increased government spending on low income families.

Tax cuts and Jobs Acts of 2017

The Tax cuts and job Acts of 2017 was a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA) that amended the Internal Revenue Code of 1986.

Some Major elements of the changes include the following.

• reducing tax rates for businesses and individuals
• increasing the standard deduction and family tax credits

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