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Trump's Tax Bill: $3,752 Cuts and 1 Million Jobs!

8/18/2025

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Trump's Tax Cut

The Tax Foundation predicts Trump's One Big Beautiful Bill will lower federal taxes and create nearly 1 million jobs by 2026, with an average tax cut of $3,752.
Signed on July 4, the bill includes major tax cuts, military funding increases, and a $5 trillion debt ceiling raise, adding $2.4 trillion to national debt.
Critics raise concerns about the bill's effects on national debt and Medicaid, despite anticipated economic benefits.
Job growth is expected in California and Texas, with 132,000 and 81,000 jobs created, respectively.
White House officials claim the bill is the largest middle-class tax cut in history, highlighting its economic benefits.

Left

Cook's Manufacturing Investment

Tim Cook announced a $100 billion investment in US manufacturing during his visit to the White House.
Trump exempted Apple from new tariffs on computer chips.
Nvidia and AMD can sell AI chips to China, with a 15% revenue share to the US government.
Critics warn this could undermine national security and set a concerning export control precedent.

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Trump's Tax Cut

The Tax Foundation predicts Trump's One Big Beautiful Bill will lower federal taxes and create nearly 1 million jobs by 2026, with an average tax cut of $3,752.
Signed on July 4, the bill includes major tax cuts, military funding increases, and a $5 trillion debt ceiling raise, adding $2.4 trillion to national debt.
Critics raise concerns about the bill's effects on national debt and Medicaid, despite anticipated economic benefits.
Job growth is expected in California and Texas, with 132,000 and 81,000 jobs created, respectively.
White House officials claim the bill is the largest middle-class tax cut in history, highlighting its economic benefits.

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