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Americans For Prosperity Americans for Prosperity (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots members of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.

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5 Things to Look Forward to Under the New Tax Code

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Unread 04.07.18, 12:53 PM
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5 Things to Look Forward to Under the New Tax Code

04.06.18 08:00 AM

Let the countdown begin! We’re just a few days out from Tax Day on April 17, when we’ll say goodbye to our outdated, complex and burdensome tax system and hello to a simpler, fairer and more efficient new tax code! Check out these five positive changes that all Americans will see*next year*thanks to the Tax Cuts and Jobs Act: Say Goodbye to Uncompetitive Corporate Rates Did you know that America has had the highest corporate tax rate in the industrialized world*for years? At nearly 39 percent, our country’s cumbersome corporate tax rate has stifled growth and penalized U.S. investments, pushing American companies – and jobs – overseas. Thankfully, we won’t have to deal with uncompetitive corporate rates for very much longer! Under the new tax code, Americans can say hello to a 21 percent corporate tax rate, which will spur job growth and business investment in the United States. Say Goodbye to Loopholes and Carve Outs Americans can say goodbye to a*number of*loopholes and carve outs—in the old code, these handouts*added up to more than $1 trillion a year. Instead, say hello to the biggest effort in decades to create a simpler, fairer tax code that begins to put the […]

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