The Tax Reform Act of 2014

The Tax Reform Act of 2014 makes the code simpler and fairer by: - Providing a significantly more generous standard deduction so that 95 percent of taxpayers will no longer be forced to itemize their individual tax deductions. - Reducing the size of the federal income tax code by 25 percent. - Tackling fraud, abuse and mismanagement at the IRS to protect hard-earned taxpayer dollars. It will make our economy stronger resulting in: - $3.4 trillion in additional economic growth. - 1.8 million new jobs. - $1,300 per year more in the pockets of middle-class American families. The results are clear: More Growth. More Jobs. More money in the pockets of middle-class families.