#TrumpTaxCuts If the Trump Tax Cuts are extended:

Real wages could rise by up to $3,300/year.

Median-income households’ take-home pay could increase by $5,000/year.

Short-run GDP could grow by 3.3%–3.8%, and long-run GDP by 2.6%–3.2%.

4.1 million jobs could be saved.

Distressed communities could get $100 billion in new investment.

If the Trump Tax Cuts expire:

Average taxpayers could face a 22% tax hike (around $4 trillion total).

A family of four could see a $1,700 tax hike.

40 million families could lose half of their Child Tax Credit.

Standard deductions could be slashed in half.

26 million small businesses could face higher taxes.