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The brand new $4,one hundred thousand elderly “bonus” deduction do assist straight down-income somebody and you can would not let higher-money people who are above the stage-outs, Gleckman said. The common overtime employee do find an income tax cut ranging from $step 1,400 to help you $step 1,750 a year through the the brand new split, according to the Council away from Economic Advisors. The new GOP statement comes with a tax break to have specialists who receive overtime, a different one of Mr. Trump’s campaign claims.

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