Hopefully some of you are seeing some of these savings.
Unfortunately, I live in an area controlled by entitled
libtards so they continue to raise taxes on the poor and middle class. Looks like the MAGA agenda will lead Trump to victory in 2020!
A new report finds that electric, gas, and water rates have fallen across the country due to the tax cuts put in place by President Donald Trump and the GOP.
The review of 102 utilities across the nation by Americans for Tax Reform (ATR) finds that Trump’s tax cuts mean “lower utility bills for Americans.”
“The Tax Cuts and Jobs Act cut the corporate rate from 35% to 21%. Utility companies are passing on the tax savings in the form of lower rates for customers,” ATR wrote on June 7.
ATR went on to detail the rate reductions in states such as Florida, Ohio, Michigan, West Virginia, thirty-seven other states, and the District of Columbia.
For instance, the low-tax advocacy group found that Tampa Electric in Tampa, Florida, announced the company would not raise rates to pay for its work to restore facilities due to the destruction Hurricane Irma caused because the tax cuts helped make up the difference.
“Because of recent changes made to the federal tax law, customers will directly benefit,” Tampa Electric told customers. “What Tampa Electric would have paid in corporate income taxes will instead be used to the cost of restoring power after Hurricane Irma and several other earlier named. Additionally, Tampa Electric bills will reflect the ongoing benefits from tax reform starting in 2019.”
The report noted that Cincinnati-based Duke Energy Ohio would also keep rates low due to the tax cuts. The company told customers, “Customers will receive approximately $20 million in annual tax savings on their electric bills beginning this month.”