Well, it encompassed a number of tax cuts in 2017 that were set to expire this year, and he extended those permanently. The biggest one was the tax rates on LLCs and S Corps. But The child tax credit, the estate and gift tax exemption, all those have now been permanently extended. which were set to expire, which would have caused a big tax increase if they weren't extended. The second thing is he brought about a whole set of new tax cuts for all of you in California. (00:46–00:56)
CLAIM
Asserts that the child tax credit and estate and gift tax exemption were permanently extended.
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