1/15/2018 Group Watch: GOP Senate Wants Tax Adjustment
Alabama Senate Republicans will back a bill that would increase the threshold taxpayers can claim the full standard deduction. The bill would increase the adjusted gross income level where most individual taxpayers can qualify for the full $7500 standard deduction from $20,000 to $23,000. The bill is being hailed as a tax break for working class Alabamians and is expected to cost between $4 and $6 million. Alabama Arise, who works on poverty issues, described the bill as a modest benefit.
