Americans Get Additional $3 Billion Windfall From President Trump’s Tax Cuts

$3 billion payoff: 101 utilities cut rates, credit GOP tax cuts
By Paul Bedard
Washington Examiner
June 7, 2018

The number of electric, gas and water utilities cutting customer charges due to the recently passed Republican tax cuts has passed 100, and the total savings is about $3 billion.

According to Americans for Tax Reform, the number has reached 101 with most utilities either cutting bills or not passing on the costs of expanding their operations.

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The list includes statements from many of the utilities and the general total for the cuts is over $2.8 billion. Hundreds of millions more of added utility expenses won’t be passed on to customers, and the statements also included specific dollar cuts to bills.

The Tax Cuts and Jobs Act cut the corporate rate from 35 percent to 21 percent.

Several of the companies directly cited the act in cutting rates.

Shared from Whitehouse.gov

RELATED: President Obama Was Wrong: Manufacturing Is Coming Back

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Douglas Kelly
Douglas Kelly
4 years ago

President Trump is the first and only president in my lifetime that has actually done something that directly and purposely helps ALL the American people.

Don
Don
1 year ago

I Haven’t Seen any Cut in Utilities I&M just asked for a Raise

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