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THE ONE BIG BEAUTIFUL BILL DELIVERS FOR THE AMERICAN WORKER: The One Big Beautiful Bill delivers the largest tax cut for working- and middle-class Americans in history. Put simply, President Trump’s One Big Beautiful Bill will unleash our economy and deliver a Blue-Collar BOOM.
- Bigger Paychecks: Hardworking Americans and families will see an average increase in take-home pay of OVER $10,000 per year.
- Historic Tax Relief for Workers: 15% tax cut for Americans earning between $30,000 and $80,000 per year.
- No Taxes on Overtime or Tips: Saves overtime and tipped workers nearly $2,000 annually.
- Historic Tax Breaks for Seniors: Introduces unprecedented financial relief for seniors.
- Made-in-America Tax Breaks: Interest deduction for loans on new American-made vehicles.
- Large Standard Deduction: Keeps the doubled standard deduction used by 91% of taxpayers, ensuring taxpayers keep more of their money with a simpler tax break.
Provides Historic Relief for Working Families
- Bolsters Child Tax Credit: Increases and makes permanent the child tax credit, supporting over 40 million families.
- Supports Working Families: Expands childcare access and makes the paid leave tax credit permanent.
- Establishes Trump Investment Accounts for Newborns: Creates savings accounts to secure financial futures for every American child from birth.
- Improves Housing Affordability: Expands the Low-Income Housing Tax Credit to incentivize the construction of affordable homes for American families.
- Supports Family Farms: Raises death tax exemption, Increasing the amount family farms can inherit without paying taxes—protecting two million family farms from excessive taxation.
- Empowers School Choices: Enhances 529 savings accounts to make education affordable and empower American families and students to choose the education that best fits their needs.
Drives Economic Growth Through America First Tax Policies
- Incentivizes Made-in-America Manufacturing: Full expensing for new factories and improvements to unleash domestic production.
- Expands Opportunity Zones: Permanently renews program, unlocking $100B+ for rural and distressed communities.
- Boosts American Businesses: The bill delivers full 100% expensing for new factories, equipment, and machinery.
Puts Main Street Over Wall Street
- Promotes Growth: Helps small businesses keep more money by making permanent—and enhancing—the small business tax deduction, making it easier to grow and hire.
- Doubles Small Business Expensing: Raises the limit for small businesses to immediately deduct up to $2.5 million in equipment and property costs, helping them hire more workers and expand.
President Trump’s One Big Beautiful Bill lowers tax rates to keep more money in Americans’ pockets—PREVENTING THE LARGEST TAX HIKE IN HISTORY.
The post President Trump’s One Big Beautiful Bill Prevents the Largest Tax Hike in History and Unleashes Economic Growth appeared first on The White House.
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