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The Tax Cuts and Jobs Act: A Look Under the Covers

Fox Business reporter Casey Dowd, in a post today on, examines the short- and long-term implications of the recently-implemented “Tax Cuts and Jobs Act,” explaining that there will likely be an uneven impact on seniors going forward. While some may benefit in the near term from lower tax rates, he observes, the longer range shift to a chained CPI as the base for calculating changes in the standard deduction will likely mean that “people will get pushed into higher tax brackets as more income becomes taxable.” Check out his post here…


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