#TrumpTaxCuts

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

Real wages could increase by up to $3,300 annually.

The net income for middle-income households is expected to rise by up to $5,000 annually.

Real GDP growth in the near term is expected to range between 3.3% and 3.8%, while long-term real GDP growth is expected to range 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 tax increase of 22% ($4 trillion).

Taxes on the average family of four will rise by $1,700.

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

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