The Working Families Tax Cuts Deliver Biggest Wins for the Working Class
The Working Families Tax Cuts Lower 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 Working Families Tax Cuts, 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 Working Families Tax Cuts Provide the Biggest Relief to Low-Income Families
The Working Families Tax Cuts will cut taxes for Americans earning under $50,000 by 14.9%.
66% of the Working Families Tax Cuts’s tax cuts benefit families making less than $500,000.
The tax cuts and economic growth from The Working Families Tax Cuts will increase the take- home pay for a family of four by $10,900.
The Working Families Tax Cuts Increase American Families’ Income and Workers’ Wages
The Working Families Tax Cuts preserves and boosts the standard deduction by up to $1,500 for working families, providing relief to 90% of American taxpayers.
The Working Families Tax Cuts are projected to increase real wages in the U.S. up to $7,200 per worker.
The Working Families Tax Cuts boost income for tipped workers by up to $1,300 by eliminating income taxes on up to $25,000 in tipped income for the 4 million tipped workers like waitresses, barbers, hairstylists, and taxi drivers.
The Working Families Tax Cuts boost income by up to $1,400 for the over 80 million hourly workers who work overtime, stay late, and keep America running by eliminating income taxes on up to $25,000 of extra overtime pay.
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.