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Lamesa Press-Reporter

Facing America’s Past

Facing America’s Past

When my wife and I took a personal trip to New Mexico, at one point we found ourselves standing in front of an old building that was half in ruins. It was surrounded by a cemetery with rickety crosses, some leaning to the left and others to the right. As we asked about the building, we were told it used to be a church, and as we learned what happened there, we were left speechless.

House Passes Tax Relief for American Families and Workers Act

The House of Representatives voted to pass the Tax Relief for American Families and Workers Act with a vote of 357-70. This bill is very taxpayer friendly with most of the significant provisions being retroactively applied to prior tax years. The ten-year impact of the bill is approximately $78 billion. For producers, the biggest benefits include: ● Increase in the maximum refundable portion of the child tax credit from $1,600 to $2,000, phased in through 2025. The refundable portion would be based on the number of eligible children claimed as dependents and not calculations based on income. The changes are retroactive to 2023, with the maximum refundable portion of the credit being $1,800.

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Lamesa Press-Reporter

P.O. Box 710
Lamesa, TX 79331
806-872-2177