Middle class Americans will benefit from substantial tax relief
WASHINGTON —The facts are in. Republicans’ One Big Beautiful Bill to deliver President Trump’s America First Agenda is a WIN for hardworking American families. From preventing the largest tax hike in U.S. history to eliminating taxes on tips and overtime, our One Big Beautiful Bill is transformative legislation that will provide tangible relief for American workers and unleash America’s economic revival.
One Big Beautiful Bill Provides Historic Tax Relief for Middle and Working Class Americans
Democrats claim this legislation is just a tax break for the wealthy. That is a lie. The One Big Beautiful Bill makes permanent the 2017 Trump tax cuts, which gave the largest tax cut to low-income working families.
The Council of Economic Advisers (CEA) found extending the Trump tax cuts will increase wages up to $11,600. The typical American family with two children will see their take-home pay INCREASE by up to $13,300 a year.
- On top of making the 2017 Trump tax cuts permanent, the One Big Beautiful Bill also eliminates taxes on tips and taxes on overtime. This will provide real relief for the over 80 million hourly workers and the four million Americans who work in tipped occupations.
- According to the CEA, tipped workers on average will see a pay increase of $1,675, and overtime workers will receive a tax cut up to $1,750 a year.
Our One Big Beautiful Bill Is a Generational Investment in the American Economy
- This legislation will be jet fuel for the American economy. According to the CEA, the One Big Beautiful Bill is projected to increase U.S. investment by up to 14.5% and GDP by up to 5.2% over four years.
- This economic revival will secure over 4 million more full-time equivalent jobs to unlock opportunity for the American worker. In our most distressed communities, $100 billion in investment will supercharge workforce development.
Overall, American workers will enjoy higher wages, higher take-home pay, more investment, and increased economic opportunity. And House Democrats are going to vote against all of it.