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Delivering Tax Relief

Working Families Tax Cuts Key Provisions

$90 Billion Tax Cut for Hourly Overtime workers
$32 Billion Tax Cut for Tipped Workers
$63 Billion Tax relief
for seniors
$284 Billion Economic Growth from Manufacturers
$100+ Billion New Investments in Opportunity Zones
$10,900 Boost In Take Home Pay for a Family with Two Children
7,200,000 American Jobs Secured
40,000,000 Families Receive Boosted $2,500 Child Tax Credit
2,000,000 Family Farms Saved From Higher Death Tax
Make American Families & Workers Thrive Again
Make American Families & Workers Thrive Again
  • Makes the 2017 Trump tax cuts permanent – protecting the average taxpayer from a 22 percent tax hike.
  • Saves the average American family $1,700 – the equivalent of 9 weeks of groceries.
    • Increasing real annual after-tax take-home pay for a median-income household with two children by roughly $7,600 to $10,900.
    • Raising annual real wages by $4,000 to $7,200 per worker.
  • Delivers on President Trump’s priorities of no tax on tips, overtime pay, and car loan interest, and provides additional tax relief for seniors. 
  • Locks in and boosts the doubled Child Tax Credit for more than 40 million families and provides additional tax relief for American families.
  • Preserves and increases the doubled guaranteed deduction for 91 percent of all taxpayers.
  • Expands 529 education savings accounts to empower American families and students to choose the education that best fits their needs, whether it is K-12 materials or obtaining a postsecondary trades credential.
  • Supports working families by expanding access to child care and making permanent the paid leave tax credit.  
  • Puts American families in control of their health care by expanding health savings accounts and cementing into law a Trump Administration policy that offers more choice and flexibility for health coverage options.
  • Starts building financial security for America’s children at birth with the creation of Trump investment accounts. 
Make Rural America & Main Street Grow Again
Make Rural America & Main Street Grow Again
  • Makes permanent the 20% 199A small business deduction – creating over 1 million new Main Street small business jobs and generating $750 billion in economic growth at American small businesses.
  • Renews 100% immediate expensing, incentive for research & development in the U.S., and deduction for interest expenses, and supports the expansion of new production factories and growing operations in America by allowing 100% expensing for new factories, improvements to existing factories, and other production facilities.
  • Stops the Democrats’ attack on the gig economy by repealing their 1099-K gig worker rule that would have required Venmo, PayPal, and gig transactions over $600 be reported to IRS.
  • Reduces paperwork burden for small businesses and workers by increasing the 1099-MISC threshold to $2,000.
  • Makes permanent and increases the doubled Death Tax Exemption for over 2 million family-owned farms.
  • Renews Opportunity Zone program to spur over $100 billion in new investment over the coming decade with enhancements to target rural distressed communities.
  • Estimated to boost real gross domestic product (GDP) by 4.6 to 4.9 percent in the next four year and by 2.4 to 2.7 percent through the 10-year budget window.
  • $284 billion of new economic growth from American manufacturers.
  • Secures 7.2 million jobs for American workers.
Make America Win Again
Make America Win Again
  • Holds woke, elite universities that operate more like major corporations and other tax-exempt entities accountable, ensuring they can no longer abuse generous benefits provided through the tax code.
    • Increases levies on the largest elite university endowments.
    • Increases tax on massive non-profits that resemble hedge funds and pay their employees huge salaries.
  • Ends $500 billion in Biden-era tax breaks and special interest giveaways to the wealthy, big corporations, and China.
  • Prevents taxpayer benefits from going to illegal immigrants by requiring a Social Security number for individuals claiming tax credits and deductions, ending illegal immigrant eligibility for Obamacare premium tax credits and Medicare, and applying new fees on remittance payments from illegal immigrants to outside the U.S.

What They Are Saying