This tax day, Americans will see historic savings thanks to bold pro-growth policies and massive tax cuts delivered through President Trump’s Working Families Tax Cuts.
In fact, average tax refunds are up nearly 11 percent this year compared to last tax season, and the average refund is over $3,400.
Both workers and job creators benefit from the most pro-labor legislation in American history.
Growth for job creators
As Secretary of Labor, I have spoken with countless manufacturers, business leaders and union members who directly benefit from President Trump’s tax cuts.
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New employees, new factories and new equipment purchases are just some of the investments manufacturers and small business owners are making thanks to President Trump.
The Department of Labor is committed to advancing President Trump’s America First agenda to unleash the American economy, strengthen our workforce and put more money back in the pockets of working families.
Thanks to the WFTCA’s provision allowing 100 percent immediate cost reduction for manufacturing equipment, companies I visited, such as STIHL USA in Virginia Beach, will be able to scale their operations and create jobs.
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The results of these policies speak for themselves: last month alone, the economy created 178,000 new jobs, including 15,000 in the manufacturing sector.
After years of decline and stagnation under the Biden administration, President Trump is driving a job growth renaissance through tax cuts that create a more secure future for all Americans.
Real savings for working Americans
With benefits like no tax on tips, overtime and Social Security, the Working Families Tax Cuts allow Americans to keep more of their hard-earned paychecks.
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Thanks to the elimination of overtime taxes, first responders like police officers, firefighters and paramedics who work around the clock to keep us safe will receive the wages they deserve for their services. More than 25 million taxpayers have claimed the overtime deduction, with an average deduction of more than $3,100.
The president’s historic tax cuts don’t just benefit existing workers; the law also creates new opportunities for America’s future workforce.
In Kansas City, I met with local law enforcement officers who shared what this tax credit will mean for their community. Brandon, a recruiting officer, told me that “this will help us tremendously” in encouraging future police officers to join the force.
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Shift workers in the service industry, such as bartenders and restaurant servers, also benefit from the elimination of the tip tax, which has resulted in an average savings of $7,100 per taxpayer.
Additionally, more than 34 million families have claimed the enhanced child tax credit, which is permanently doubled and expanded by Trump’s tax cuts, putting more money in the pockets of hardworking families.
President Trump’s tax cuts are a huge victory for the American people, and these cuts will have an even greater economic impact.
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Every dollar saved by President Trump’s growth policies is a new dollar that workers, families and business owners can reinvest in their homes, businesses and communities.
Investing in staff development
The president’s historic tax cuts don’t just benefit existing workers; the law also creates new opportunities for America’s future workforce.
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The Working Families Tax Cuts expand and modernize Pell Grants for students pursuing short-term technical education and skills training programs, paving the way for future tradespeople and tradespeople to succeed.
The headquarters of the Internal Revenue Service (IRS) in Washington DC (Getty Images)
As part of the Department of Labor’s efforts to Make America Skilled Again, we are investing in educational pathways that provide an alternative to the traditional four-year degree model, helping more young Americans “earn while they learn” and find mortgage-paying, in-demand jobs in critical industries.
Since President Trump took office, the United States Labor Department has added more than 377,000 new registered apprentices and more than 3,200 new Registered Apprenticeship programs.
We will continue to implement President Trump’s pro-growth policies to strengthen workforce readiness and fill in-demand roles that will continue to fuel our nation’s economic comeback.
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A path forward
This tax season, working families have seen historic savings and new economic opportunities thanks to the most pro-worker tax cut in American history.
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The Department of Labor is committed to advancing President Trump’s America First agenda to unleash the American economy, strengthen our workforce and put more money back in the pockets of working families.
Under President Trump’s bold leadership, the best is yet to come for the American worker.
