A few key provisions include increasing the child tax credit to $2,500 per child, raising the standard deduction for all filers, establishing savings accounts for newborns, and Creating a new deduction on Social Security benefits for senior citizens. For the average family of four in North Dakota, this package will help save an estimated $1,600 in taxes. That buys about eight weeks of groceries. (02:20–02:26)
CLAIM
Asserts that the bill creates a new deduction on Social Security benefits for senior citizens.
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