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Put American Workers First

Delivers on President Trump’s Commitment to American Workers

  • No Tax on Tips:
    • Eliminates income taxes on up to $25,000 of tips for the 4 million tipped workers, boosting incomes of tipped workers by $1,300.
  • No Tax on Overtime:
    • Eliminates income taxes on up to $12,500 of overtime pay premium for the over 80 million hourly workers, boosting incomes by $1,400.
  • Tax Relief for Seniors:
    • Middle- and low-income seniors will be able to deduct an additional $6,000.
  • No Tax on Auto Loan Interest:
    • The average American family will be able to fully deduct auto loan interest for new American-made cars.

Makes Permanent President Trump’s Pro-Worker Tax Cuts from 2017

  • The lower tax rates and brackets established by President Trump.
    • Stops a $1,700 tax increase on working American Families.
  • The doubled guaranteed Standard Deduction.
    • Stops scheduled $15k reduction in this deduction for the average American worker.

Additional Pro-Worker Tax Relief

  • Repealing Democrats’ 1099-K Gig Worker Rule:
    • Stops the Democrats’ attack on the gig economy by repealing the Democrats’ requirement that all Venmo, PayPal, and gig transactions over $600 be reported to IRS.
  • Builds on Trump Tax Cuts’ incentives for Paid Leave and Childcare:
    • Strengthens the Paid Family and Medical Leave Credit from the Trump Tax Cuts.
    • Quadruples the maximum Employer-Provided Childcare Credit and adds additional relief for small businesses providing childcare.
    • Expands the Child & Dependent Care Tax Credit (CDCTC) and Flexible Spending Arrangements (FSAs) to help families with the rising cost of child care.
  • Expands 529 Education savings accounts and workforce development incentives:
    • Includes K-12 materials and expenses for post-secondary credentialing so Americans have the resources and financial flexibility necessary to enter the workforce.

Making Permanent Trump Tax Cuts Stops Tax Hike on American Workers

  • Permanent lower tax rates and brackets, doubled guaranteed Standard Deduction, and
  • Child Tax Credit, stops a $1,700 tax hike on American workers providing for their family.
  • Further increases the Child Tax Credit by $200 per child to combat Bidenflation.
  • Further increases the Standard Deduction by $1,500 per family to provide tax relief now.
  • Raises annual real wages by $7,200 per worker.
  • Increases annual take-home pay for a typical family with two children by $10,900.
  • 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.
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