(The Guardian) The US vice-president, JD Vance, previewed in Georgia on Thursday the lines of attack candidates will use to defend the president’s signature One Big Beautiful Bill Act in the midterms next year, calling it “the biggest tax cut for families that this country has ever seen”.
Vance touted an increase in the child tax credit, the elimination of taxes on overtime and on tips in the One Big Beautiful Bill Act while speaking in a warehouse for ATLA Refrigeration in Peachtree City, Georgia.
Vance did not mention that only the first $25,000 of tips will be tax free and will require itemization to claim, something few service workers do because the standard deduction usually provides a larger benefit. Eliminating overtime taxes also applies to the first $12,500 of a filer’s overtime income, phasing out at $150,000 of income. The increase in the child tax credit is $200 a child under 17 to $2,200, which will now be indexed to inflation.
The event also served as a preview of the attacks Jon Ossof, the Georgia Democratic senator, will face in the bruising swing state battle to come next year.
The White House paired Vance’s appearance with an information blitz on the “working families” tax cut. Ossoff would come to regret voting against the bill, Vance said. “In about a year, you are not going to be able to turn on the television without Senator John Ossoff pretending that he supported the working families tax cut, when in reality he voted against them,” Vance said.
www.theguardian.com
Vance touted an increase in the child tax credit, the elimination of taxes on overtime and on tips in the One Big Beautiful Bill Act while speaking in a warehouse for ATLA Refrigeration in Peachtree City, Georgia.
Vance did not mention that only the first $25,000 of tips will be tax free and will require itemization to claim, something few service workers do because the standard deduction usually provides a larger benefit. Eliminating overtime taxes also applies to the first $12,500 of a filer’s overtime income, phasing out at $150,000 of income. The increase in the child tax credit is $200 a child under 17 to $2,200, which will now be indexed to inflation.
The event also served as a preview of the attacks Jon Ossof, the Georgia Democratic senator, will face in the bruising swing state battle to come next year.
The White House paired Vance’s appearance with an information blitz on the “working families” tax cut. Ossoff would come to regret voting against the bill, Vance said. “In about a year, you are not going to be able to turn on the television without Senator John Ossoff pretending that he supported the working families tax cut, when in reality he voted against them,” Vance said.
JD Vance previews candidates’ defense of Trump’s bill for midterms in Georgia
Vice-president extolled One Big Beautiful Bill Act’s benefits for families while Senate hopefuls tried campaign material
www.theguardian.com
