As we celebrate America’s 250th birthday this week, our nation is stronger with President Trump at the helm— a leader who believes that people who work hard every day deserve to keep more of what they earn.
One year after President Trump signed the Working Families Tax Cuts into law, this once-in-a-generation legislation is delivering on its promises and unleashing a blue-collar BOOM.
The success of President Trump’s widely popular tax breaks, like No Tax on Tips, No Tax on Overtime, No Tax on Social Security and Made in America Car-Loan deductions, is undeniable.
A look at the first-year’s results shows that nearly 70% of filers who received a tax cut earned less than $10만.
President Trump and Republicans are rewarding hard work, strengthening families, and restoring the American Dream by putting more money back into the pockets of the people who earned it.
The American people will not forget; while Republicans fought for the largest tax cut in history for middle and working-class Americans, every single Democrat voted against themand opposed this landmark legislation in their unrelenting pursuit for free healthcare for illegal aliens.
The results speak for themselves — President Trump’ssignature tax cutsare delivering:
Millions of Americans received historic tax refunds this tax season withthe average refundexceeding $3,400— an 11% increase from last year.
American families and workers claimed $82 billion in direct tax relief, with97% of filers receiving a tax cut.
More than 29 million workers claimed theNo Tax on Overtimededuction with an average deduction ofover $3,100.
More than 35 million seniors have claimedNo Tax on Social Securitywith an average deduction ofover $7,500.
Nearly 8 million workers claimedNo Tax on Tips withan average deduction ofover $7,000.
Over 1.4 million filers have claimedNo Tax on Made-in-America Car Loan Interestwith an average deduction ofover $1,800.
Nearly 40 million families claimed theenhanced Child Tax Credit.
Nearly 6 million Trump Accountshave been opened, with 1.4 million eligible for the $1,000 pilot program contribution.
More than 127 million taxpayers benefited from the permanentlydoubled standard deduction.
The Working Families Tax Cuts is not just good policy, it’s a demonstration of Republicans’ commitment and belief in the American worker and the American Dream.