Americans See Employment and Earning Retention Gains Thanks to Working Family Tax Cuts
President Donald Trump signed the Working Families Tax Cuts Act into law on July 4, 2025, according to the report.
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Tax Day 2026: Democrats and Republicans battle over impact of new Trump tax cuts8 articles·6 sources·Avg cred 66/100
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tl;dr
Republican lawmakers and The Heritage Foundation report that the 2025 Working Families Tax Cuts Act has spurred private-sector job growth and increased take-home pay. They credit the elimination of taxes on tips and overtime for a 10% rise in average tax refunds.
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