Congressman Mario Diaz-Balart

Representing the 25th District of FLORIDA

Diaz-Balart Votes to Provide Tax Relief for Florida’s Middle Class Families

Dec 19, 2017
Press Release

WASHINGTON – Congressman Mario Diaz-Balart (FL-25), a senior member of the House Appropriations and Budget Committees, issued the following statement after the passage of the Tax Cuts and Jobs Act Conference Report.

“It has been over 30 years since our country has seen significant tax reform. Today we will make history and change that. I am proud to stand with my colleagues in voting for a bill that will allow Americans to keep more of what they earn. The average middle class family of four will see a savings of more than $2,000, a substantial amount that will go a long way as many Floridians continue to rebuild and recover from hurricane season. Americans should be able to save more of their hard-earned tax dollars, and this legislation does just that. Tax reform will incentivize the economy, which will allow folks to keep their jobs, increase wages, and create more opportunities in the American job market.

“I congratulate Speaker Ryan and Chairman Brady and their staffs for their tireless efforts to pass tax reform.”

The median income in Florida’s 25th district, which includes parts of Miami-Dade and Collier Counties, as well as Hendry County, is $45,262.84

Under the Tax Cuts and Jobs Act:

  • A single filer with an annual income of $40,000 would see an approximate savings of $804.20.*
  • A single filer with two children and an annual income of $40,000 would see an approximate savings of $759.00.*
  • A married couple filing jointly with two children and an annual income of $40,000 would pay $0 in federal taxes.*
  • A single filer with an annual income of $45,000 would see an approximate savings of $817.20.*
  • A single filer with two children and an annual income of $45,000 would pay $0 in federal taxes due to the increased Child Tax Credit and see an approximate savings of $1,509.00.*
  • A married couple filing jointly with two kids and an annual income of $45,000 would pay $0 in federal taxes.*
  • A single filer with an annual income of $75,000 would see an approximate savings of $2,089.00.*
  • A single filer with two children an annual income of $75,000 would see an approximate savings of $2,064.00.*
  • A married couple filing jointly with two children and an annual income of $75,000 would see a savings of $2,224.00.*

*These estimates are approximate, based on the aforementioned scenarios, and may vary based on one’s circumstances and deductions.

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