Tuesday, 10 Jun 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • House
  • White
  • VIDEO
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Colossal
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > The White House > New projection signals good news for families, workers in Trump’s ‘big, beautiful bill’ – The White House
The White House

New projection signals good news for families, workers in Trump’s ‘big, beautiful bill’ – The White House

Last updated: May 19, 2025 1:00 pm
Share
New projection signals good news for families, workers in Trump’s ‘big, beautiful bill’ – The White House
SHARE

According to a recent report from the Council of Economic Advisers, President Trump’s much-touted One Big, Beautiful Bill could potentially increase take-home pay by as much as $13,300 and boost wages by up to $11,600.

Source: Fox News:

“An influential U.S. economic body has indicated that President Donald Trump’s tax strategy encapsulated in his ‘one big, beautiful bill’ is set to enhance take-home pay for American households and elevate wages for workers across the nation.”

The Council of Economic Advisers (CEA), which serves as the economic policy think tank for the White House, published its findings on Monday morning. The report states that, “In aggregate, the CEA anticipates that the tax reductions proposed in the President’s plan, alongside the One Big Beautiful Bill, will significantly enhance investment and GDP compared to a scenario where the expired provisions of the [Tax Cuts and Jobs Act] are not renewed.” […]

“For American workers and their families, the CEA predicts that wages could rise between $6,100 and $11,600, while family take-home pay might increase by $7,800 to $13,300, driven by wage growth and lower tax liabilities,” the report elaborated.

Moreover, the CEA noted that the introduction of an additional deduction for seniors is expected to raise the average annual take-home pay for eligible seniors by approximately $400 to $450.

If enacted, these policies could propel U.S. investment from a projected 4.9% to 7.5% in the long term, with the potential to save or create as many as 4.2 million full-time equivalent jobs over time.

Additionally, the report indicated that Trump’s proposal to eliminate taxes on tips could enhance the earnings of tipped workers by an average of $1,675 annually. The removal of taxes on overtime wages is projected to encourage overtime workers to increase their hours by 4.7%, which would lead to a modest 0.2% rise in overall labor supply while this measure is in effect.

See also  President Trump Demands Fair, Reciprocal Trade – The White House

“Consequently, GDP is anticipated to grow by 0.1 to 0.2% in the short term. The average overtime worker stands to gain a tax break ranging from $1,400 to $1,750 per year,” the projection stated.

Click here to read the full article.

TAGGED:BeautifulbigBillFamiliesgoodHouseNewsPROJECTIONsignalsTrumpsWhiteworkers
Share This Article
Twitter Email Copy Link Print
Previous Article Best Colors for Style and Versatility Best Colors for Style and Versatility
Next Article How Do Doctors Treat ‘Aggressive’ Prostate Cancer like Joe Biden’s? How Do Doctors Treat ‘Aggressive’ Prostate Cancer like Joe Biden’s?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

11-time convicted felon gets 68 years for shooting and robbing Red Line passenger

Pierre Garrett in a 2021 mugshot. (Chicago Police Department) Judge Sentences 11-Time Felon to 68…

April 26, 2025

Hot Lips Houlihan on ‘MASH’ Was 87

Loretta Swit, best known for her iconic role as Major Margaret “Hot Lips” Houlihan on…

May 30, 2025

MADDENING: Watch Adam Carolla Explain How He Applied to be a Los Angeles Firefighter But Was Turned Away for Being a White Male (VIDEO) |

Adam Carolla Exposes Destructive Impact of DEI Policies in Los Angeles Fire Department Adam Carolla,…

January 9, 2025

10-Km Long Queues In Sri Lanka As Buddhists Line Up To See Sacred Tooth

Colombo: Buddhists were urged by authorities to stay away from seeing a sacred tooth in…

April 24, 2025

Bed Bugs May Have Been The First Urban Pest to Ever Plague Humans : ScienceAlert

Understanding the Evolution of Bed Bugs: A Long-Term Relationship with Humans Long before beds existed,…

June 8, 2025

You Might Also Like

Trump’s second term is creating ‘a limbo moment’ for US battery recyclers
Environment

Trump’s second term is creating ‘a limbo moment’ for US battery recyclers

June 10, 2025
Blake Lively Stuns on Red Carpet After Big Legal Win Over Justin Baldoni
Entertainment

Blake Lively Stuns on Red Carpet After Big Legal Win Over Justin Baldoni

June 9, 2025
Military veterans object to Donald Trump’s intervention in Los Angeles
Economy

Military veterans object to Donald Trump’s intervention in Los Angeles

June 9, 2025
New projection signals good news for families, workers in Trump’s ‘big, beautiful bill’ – The White House
The White House

The One Big Beautiful Bill Will END Taxpayer-Funded Health Care for Illegals – The White House

June 9, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?