pool report Apr 30, 2025 · 4:51 PM UTC

ICYMI: President Trump’s Largest Tax Cut in History

FOR IMMEDIATE RELEASE

04/30/25

Last night, President Donald J. Trump renewed his call for Congress to pass the “one big, beautiful bill” and once again deliver the largest tax cuts in history to the American people.

https://x.com/RapidResponse47/status/1917361054864269468

In addition to finally exempting tips, overtime, and seniors’ Social Security from taxes, here’s what else that means :

Real wages will go up by as much as $3,300/year.
Take-home pay for median-income households will increase by as much as $5,000/year.
Short-run real GDP will be boosted by 3.3-3.8% and long-run real GDP by 2.6-3.2%.
4.1 million jobs will be saved.

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