Trump: Patriots' Bob Kraft Praises GOP Tax Bill - NECN

Trump: Patriots' Bob Kraft Praises GOP Tax Bill

    processing...

    NEWSLETTERS

    Kraft, Mass. Residents React To New Tax Changes

    As President Trump signs the GOP tax bill into law, he cites praise from New England Patriots owner, Bob Kraft. But reaction across the state remains mixed as some residents converge to pay their taxes before the law takes effect.

    (Published Saturday, Dec. 23, 2017)

    Patriots owner Bob Kraft is a big fan of the new GOP tax bill, which President Donald Trump signed into law Friday.

    During the signing ceremony, Trump said Kraft strongly supported the tax changes and intends to grow his business empire.

    "Bob Kraft called me last night and said this tax bill is incredible," Trump told reporters. Trump said Kraft intends to build a paper products plant in North Carolina.

    But while the Patriots owner is cheering the tax changes, many Bay State residents are scrambling to pay early at their local tax collectors. Some tax officials report long lines of residents who want to pay their property taxes ahead of the changes. Under the new law, state and local tax deductions are capped at $10,000.

    The decision whether to pay your taxes early depends heavily on your financial profile, experts say. One local CPA recommends seeking advice from your tax accountant to plan ahead for 2018.

    Get the latest from necn anywhere, anytime

    • Download the App

      Available for IOS and Android