WASHINGTON, D.C. – Taxpayers in all 50 states will get a tax cut from The One, Big, Beautiful Bill, according to a new Tax Foundation study. 

“Taxpayers in all 50 states will see the tax relief President Trump and Republicans in Congress won for working families, farmers, and small businesses. It doesn’t matter whether you live in a small town or big city, wait tables, work on the shop floor, farm the family land, have children, or are a retired senior, The One, Big, Beautiful Bill has something for everyone,” said Ways and Means Committee Chairman Jason Smith (MO-08). “The working men and women that Democrats and the Biden Administration chose to ignore will now get desperately needed relief. These tax cuts are coming after an inflation crisis created by Democrats who pushed economic policies that rewarded the wealthy and well-connected.”

The One, Big, Beautiful Bill makes the lower tax rates, doubled standard deduction, and Child Tax Credit from the 2017 Trump tax cuts permanent and adds new tax relief for workers: no tax on tips, overtime, Social Security, and auto loan interest. 

Highlights: 

• Tax Cuts for All 50 States: “We estimate the OBBBA will reduce federal taxes on average for individual taxpayers in every state…Across all individual tax filers throughout the country, the average tax cut per taxpayer will be $3,752 in 2026.”
• More Jobs in All 50 States: “Tax Foundation estimates the OBBBA will create about 938,000 full-time equivalent jobs over the long run, ranging from more than 132,000 jobs in California and 81,000 jobs in Texas to about 1,700 new jobs in Vermont.”

Read the study here. 

Factsheet: The One, Big, Beautiful Bill Puts American Workers First

Factsheet: The One, Big, Beautiful Bill Delivers Biggest Wins for the Working Class