Kelly: Working Families Tax Cuts are saving money for hardworking Americans, increasing productivity in the workforce

WASHINGTON, D.C. -- Today, during a Ways & Means Committee hearing with IRS CEO Frank J. Bisignano, U.S. Rep. Mike Kelly (R-PA), Chairman of the Ways & Means Subcommittee on Tax, championed the Working Families Tax Cuts "No Tax on Overtime" provision which Kelly said is saving workers' money and leading to increased productivity.

Welders, linemen, factory workers, and other employees earning overtime could see their taxes cut by $1,400, according to Ways & Means Committee estimates.

"The savings in this legislation are an incredible boost for the morale of the American people," said Rep. Kelly. "Americans want to work overtime now because they get to keep the money. They don't have to pay it to the government. They get to keep it with their families."

You can find Kelly's full remarks here.

Fast Facts: Working Families Tax Cuts

• No Tax on Tips: Waitresses, barbers, bellhops, and other tipped professions could see their taxes cut $1,300.
• No Tax on Overtime: Welders, linemen, factory workers, and workers earning overtime could see their taxes cut $1,400.
• No Tax on Social Security: 88% of seniors receiving Social Security benefits will pay no tax on their benefits under the WFTC. $6,000 deduction for seniors 65+/$12,000 for married couple.
• Largest Tax Refund Filing Season Ever: Thanks to the Working Families Tax Cuts, taxpayers could get an average of $1,000 MORE in their tax refund this tax filing season. Refunds could total almost $4,000 per person on average, putting more money back in the pockets of working families. Average refund amounts are up 14% so far this tax filing season.

Learn more here.