President of the United States

06/10/2025 | News release | Distributed by Public on 06/10/2025 08:10

The Largest Tax Cut in History for Working and Middle-Class Americans

Articles

The Largest Tax Cut in History for Working and Middle-Class Americans

The White House
June 10, 2025

Even Democrats admit the tax policies in the One Big Beautiful Bill are needed and popular - but they still oppose the bill.

To be clear, that means they're opposing:

  • The largest tax cut in history for working and middle-class Americans.
  • A 15% tax cut for Americans making between $30,000 and $80,000 per year.
  • NO TAX ON TIPS and NO TAX ON OVERTIME.
  • Boosting the Child Tax Credit to $2,500 for 40 million families.
  • Historic tax cuts for seniors.
  • No tax on car loan interest for American-made cars.
  • Preserving the doubled standard deduction for 91% of taxpayers.
  • Expanding Health Savings Accounts (HSAs) to give Americans greater choice and flexibility in how they spend their money on their health.
  • Investment savings accounts to set all newborn American kids on the path to financial security from the very beginning.
  • Increasing the Death Tax exemption for two million family farms.

Failing to extend the Trump Tax Cuts alone would stick Americans with the largest tax hike in history.

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