#TrumpTaxCuts

What could ruin America is the failure to act. A new report from the Council of Economic Advisers shows that extending Trump’s tax cuts will relieve the burden on Americans after years of persistent inflation under Biden.

Real wages are expected to rise by as much as $3,300 per year.

Net income for middle-income households is expected to increase by as much as $5,000 per year.

Real GDP is expected to rise in the near term by between 3.3% and 3.8%, while real GDP in the long term is expected to rise by between 2.6% and 3.2%.

Saving 4.1 million jobs from destruction.

Affected communities will receive up to $100 billion in investments.

If Congress does not extend the tax cuts enacted by Trump, Americans will face the largest tax increase in history:

The average taxpayer will see a 22% tax increase ($4 trillion).

Taxes on a typical four-person family will rise by $1,700.

The child tax credit will be cut in half for 40 million families.

Almost every taxpayer will see their guaranteed deduction cut in half.