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Tax Cuts and Housing Bills in Action | Peoria News
Congress just passed major tax changes that are already making waves — and Rep. Darin LaHood is seeing the real impact firsthand. His district is benefiting from the Working Families Tax Cuts Act, which made Trump-era tax cuts permanent, including eliminating taxes on tips, overtime, Social Security, and car loans. A local barber used the savings to hire two new employees, while Caterpillar credits bonus depreciation — letting businesses write off expenses immediately — for its record year amid tech growth. Beyond taxes, LaHood’s pushing the 21st Century ROAD to Housing Act, designed to ease…
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