Only days before the holiday break, President Trump signed the tax cut bill on December 22, 2017. While there was lots of coverage on the bill and its many iterations and forms over the previous months, it is still hard to truly understand the impacts it will have on both personal and national fiscal outlooks. After all, the 500+ page Tax Cuts and Jobs Act is complex.
As lawmakers and citizens alike unfurl the new legislation, it is important to keep in mind who will inherit the consequences of the policies decided in Washington and who has the most to gain – or lose.
Failure to address the trajectory of the debt could result in multiple barriers to young Americans, including purchasing homes, having access to government programs, and finding good paying jobs. The Tax Cuts and Jobs Act is estimated to add more than 1 trillion dollars to the national debt and will ultimately leave young Americans to bear the burden.
Up to Us asked two college students to share their thoughts on the recently passed bill and how it affects them. You can read their reactions below. To join the conversation, share your thoughts on Twitter or Facebook using the hashtag #UpToUsVoices and tagging @UptoUsNews.
Excerpt from Fiorella Riccobono’s Letter to the Editor published in the Miami Herald. Read the full letter.
This is the first installment of "Up to Us Voices" where we take a deeper look at fiscal and economic news, policy, and other happenings that affect America's next generation and get reactions directly from the source! Follow #UpToUsVoices for future segments or contact firstname.lastname@example.org to learn how you can submit your feedback and reactions!