$2,200 to help parents pay for groceries, child care, and everything else that comes with raising kids. If you're working, we eliminated taxes on tips and overtime. If you're running a small business, we locked in a 20% deduction so job creators can invest, grow and create good paying jobs. And if you're retired, you'll be getting a $6,000 bonus deduction. This is quite literally a tax cut for the whole family. But here's the part that shouldn't be lost on anyone. (15:25–15:36)
CLAIM
Asserts a 20% deduction for small businesses to encourage investment and job creation.
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