The average American taxpayer will see a tax cut of $3,752 thanks to President Donald J. Trump's One Big Beautiful Bill, according to a new analysis - which finds the landmark legislation "will reduce federal taxes on average for individual taxpayers in every state" and create nearly one million new jobs.
The historic law - which includes No Tax on Tips, No Tax on Overtime, No Tax on Social Security, an expanded Child Tax Credit, Made in America tax breaks, small business tax cuts, and much more - is a cornerstone of President Trump's economic agenda, which is taming inflation, driving historic investments, and fueling a blue-collar wage boom.
"We estimate the OBBBA will reduce federal taxes on average for individual taxpayers in every state… Across all individual tax filers throughout the country, the average tax cut per taxpayer will be $3,752 in 2026… Tax Foundation estimates the OBBBA will create about 938,000 full-time equivalent jobs over the long run, ranging from more than 132,000 jobs in California and 81,000 jobs in Texas to about 1,700 new jobs in Vermont."
