The One, Big, Beautiful Bill Delivers Biggest Wins for the Working Class
The One, Big, Beautiful Bill Cuts Taxes for Working-Class Families Who Need It Most
In addition to stopping a $1,700 tax increase later this year, the average American family of four making less than $100,000 receives an additional $600 in tax cuts as compared to today.
Working families making between $15,000 and $30,000 will have their taxes cut by 21% –
the largest of any income group.
As a result of The One, Big, Beautiful Bill, the top 1% will pay MORE in federal taxes than they did before TCJA – over 40% of all federal taxes.
As a result of The One, Big, Beautiful Bill, the top 10%of earners’ of federal taxes will INCREASEby 6.6% compared to what they paid before TCJA.
The One, Big, Beautiful Bill Provides the Biggest Relief to Low-Income Families
The One, Big, Beautiful Bill will cut taxes for Americans earning under $50,000 by 14.9%.
66% of The One, Big, Beautiful Bill’s tax cuts benefit families making less than $500,000.
The tax cuts and economic growth from The One, Big, Beautiful Bill will increase the take- home pay for a family of four by $10,900.
The One, Big, Beautiful Bill Increases American Families’ Income and Workers’ Wages
The One, Big, Beautiful Bill preserves and boosts the standard deduction by up to $1,500 for working families, providing relief to 91% of American taxpayers.
After passage, The One, Big, Beautiful Bill is projected to increase real wages in the U.S. up to
$7,200 per worker.
The One, Big, Beautiful Bill boosts income for tipped workers by up to $1,300 by eliminating income taxes on any tipped income for the 4 million tipped workers like waitresses, barbers, hairstylists, and taxi drivers.
The One, Big, Beautiful Bill boosts income for hourly workers by up to $1,400 by eliminating income taxes on the OT pay premium for the over 80 million hourly workers who work overtime, stay late, and keep America running.
Protects or creates up to 7.2 million jobs, 1.4 million manufacturing jobs specifically
Delivers 4.9% higher level of real GDP in first 4 years – 1.2% higher average annual growth, creating more jobs and opportunity in America.