In an op-ed for GoSanAngelo, Rep. August Pfluger (R) celebrated the passage of the One Big Beautiful Act, calling it a “massive win” because tax cuts are coming for Texans. The post Pfluger Celebrates 'Historic' Tax Cuts For Texans appeared first on Texas Politics.| Texas Politics
We estimate the OBBBA will reduce federal taxes on average for individual taxpayers in every state. Across all individual tax filers throughout the US, the average tax cut per taxpayer will be over $3,700 in 2026.| Tax Foundation
Congressional Republicans, with President Trump, delivered on our promise to extend tax relief for families and small businesses. The One […]| Broad + Liberty
Our experts explain how this major tax legislation may affect you and how policymakers can better improve the tax code.| Tax Foundation
The recently passed budget reconciliation bill prioritizes tax cuts and expands loopholes for the wealthy and corporations while cutting more than $1 trillion from Medicaid and food assistance – all while adding $3.4 trillion to the national deficit. This legislation leaves hardworking Missouri families behind by providing only modest, temporary tax reductions that are outweighed by the loss of health coverage, food assistance, and other critical benefits – while permanently expanding loo...| Missouri Budget Project - Shaping Policies. Creating Opportunties.
The Senate’s version of President Donald Trump’s “Big Beautiful Bill” would permanently expand the Child Tax Credit (CTC), offering increased tax relief to tens of millions…| CatholicVote org
We estimate the One Big Beautiful Bill Act would increase long-run GDP by 1.2 percent and reduce federal tax revenue by $5 trillion over the next decade on a conventional basis.| Tax Foundation
Our preliminary analysis finds the tax provisions increase long-run GDP by 0.8 percent and reduce federal tax revenue by $4.0 trillion from 2025 through 2034 on a conventional basis before added interest costs.| Tax Foundation
Policymakers have passed legislation to extend many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) alongside dozens of new tax provisions.| Tax Foundation
Permanently extending the expiring individual, estate, and business tax provisions would boost long-run economic output by 1.1 percent, the capital stock by 0.7 percent, wages by 0.5 percent, and hours worked by 847,000 full-time equivalent jobs.| Tax Foundation