Democrats Lie, Numbers Don’t: The Working Families Tax Cuts Benefits Hardworking American Families, Not Billionaires

WASHINGTON - According to a new analysis from the U.S. Treasury Department, American families and American workers benefitted the most from Republicans' Working Families Tax Cuts. Republicans wrote this legislation for lower-and middle-class earners, the men and women who get up and start working before the sun rises and go home well after it sets, and this analysis proves those efforts were successful.

"Not only were tax refunds their largest in recent history, but contrary to Democrats' false narratives that they have tried breathlessly to foist upon the people, this tax season was a great boost to hardworking American families," Speaker Johnson said at the weekly House Republican press conference. "That's exactly how we designed it, and that is what the numbers now prove that we achieved."

According to the U.S. Treasury Department: American families and workers claimed $82 billion in individual relief directly from the Working Families Tax Cuts. That relief will grow as taxpayers who have filed for extensions continue to file their returns.

THE FACTS:

(Courtesy of the U.S. Treasury Department)

• 96% of filers receiving a tax cut earned less than $200,000.
• • Filers earning between $100,000 to $200,000, who claimed one of President Trump's signature tax cuts, received an average tax cut of over $1,250.

• Nearly 70% of filers receiving a tax cut earned less than $100,000.
• • Filers earning between $50,000 to $100,000, who claimed one of President Trump's signature tax cuts, received an average tax cut that is over $815.

• No Tax on Tips: Over 7.5 million filers have claimed No Tax on Tips, with an average deduction of over $7,000.
• • 90% of filers claiming the No Tax on Tips deduction had income under $100,000.
  • 99% of filers claiming the No Tax on Tips deduction had income under $200,000.

• No Tax on Overtime: Over 29 million filers have claimed No Tax on Overtime, with an average deduction of over $3,100.
• • 75% of filers claiming the No Tax on Overtime deduction had income under $100,000.
  • 96% of filers claiming the No Tax on Overtime deduction had income under $200,000.

• Enhanced Senior Deduction: Over 35 million seniors have claimed the Enhanced Deduction for Seniors, with an average deduction of over $7,500.
• • 68% of filers claiming the Enhanced Senior Deduction had income under $100,000.
  • 94% of filers claiming the Enhanced Senior Deduction had income under $200,000.

• No Tax on Car Loan Interest: Over 1.4 million filers have claimed No Tax on Car Loan Interest on their new American vehicles, with an average deduction of over $1,800.
• • 62% of filers claiming the No Tax on Car Loan Interest deduction had income under $100,000.
  • 98% of filers claiming the No Tax on Car Loan Interest deduction had income under $200,000.

• Trump Accounts: Over 5.5 million Trump Accounts have been opened, with 1.4 million eligible for the $1,000 pilot program contribution.
• • 86% of all Trump Accounts opened are linked to families earning less than $200,000, giving working families more opportunity to invest in the future of their young, loved ones.

• Enhanced Child Tax Credit: Nearly 40 million families have claimed the enhanced Child Tax Credit, which is permanently doubled and expanded by the Working Families Tax Cuts.
• • 65% of all families claiming the credit had income under $100,000.
  • 89% of all families claiming the credit had income under $200,000.

• Doubled Standard Deduction: Over 127 million filers (90% of all tax filers) have claimed the permanently doubled standard deduction, simplifying tax filing for millions across America.

REMINDER: EVERY DEMOCRAT VOTED AGAINST THESE HISTORIC TAX CUTS.