2018 State of the Union address: on Tax Reform


Donald Trump: Doubled standard deduction for all; average $2000 tax cut

Just as I promised the American people from this podium 11 months ago, we enacted the biggest tax cuts and reforms in American history. Our massive tax cuts provide tremendous relief for the middle class and small businesses.

To lower tax rates for hardworking Americans, we nearly doubled the standard deduction for everyone. Now, the first $24,000 earned by a married couple is completely tax-free. We also doubled the child tax credit.

A typical family of four making $75,000 will see their tax bill reduced by $2,000--slashing their tax bill in half.

This April will be the last time you ever file under the old broken system--and millions of Americans will have more take-home pay starting next month.

Source: 2018 State of the Union address Jan 30, 2018

Geoff Diehl: 80% of Mass. residents will get tax cut from Trump's plan

State Representative Geoff Diehl, candidate for U.S. Senate, reacted to President Donald Trump's first State of the Union: "80 percent of Massachusetts residents are receiving a tax cut. Numerous businesses have given out bonuses to their employees. Eversource is cutting electrical rates. Unemployment is down. President Trump has revived our economy and put our nation on the right path from growth and prosperity," said Diehl. "Unfortunately, Senator Elizabeth Warren has refused to support any of the Trump measures that have helped the overwhelming majority of Massachusetts residents. If she had her way, the government would still be shutdown, Eversource would be raising rates and there would be no tax cut," said Diehl.
Source: Reaction to 2018 State of the Union speech Jan 30, 2018

  • The above quotations are from 2018 State of the Union address to Congress, plus the Democratic response,Jan. 30, 2018.
  • Click here for definitions & background information on Tax Reform.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Donald Trump on Tax Reform.
  • Click here for more quotes by Joe Kennedy III on Tax Reform.
2020 Presidential contenders on Tax Reform:
  Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Gov.Lincoln Chafee (L-RI)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
Gov.Jesse Ventura (I-MN) 		Republicans running for President:
Sen.Ted Cruz(R-TX)
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(R-NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)

2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: Jan 18, 2020