EPISODE · Aug 21, 2025 · 2 MIN
Across the Country, Americans Will Pay Less in Taxes Thanks to President Trump’s Big Beautiful Bill
from The White House In Audio · host Instaread Podcast
Summary:The White House compiled reports from news outlets across the country highlighting the tax savings Americans will receive from President Trump's "One Big Beautiful Bill." The article showcases state-by-state and county-by-county analysis of expected tax cuts for 2026, with the average American taxpayer saving $3,752 according to the nonpartisan Tax Foundation.Key National Statistics:Average tax cut nationwide: $3,752 per taxpayerNearly 1 million new jobs projected to be createdMost significant tax overhaul since the 2017 Tax Cuts and Jobs ActMakes 2017 tax cuts permanent and adds new deductionsState-by-State Highlights:Alaska: Average savings of $3,485Nevada: Average tax cut of $4,220 (Washoe County: $6,313)Florida: Average cut around $5,000 (Miami-Dade: $5,872, Broward: $4,441)Arizona: Average cut of $3,521 (Maricopa County: $4,049)Ohio: Average savings of $3,175Virginia: Richmond residents save nearly $3,500Iowa: Range from $2,311 (Appanoose County) to $4,330 (Dallas County)Georgia: Fulton County residents save $5,666North Carolina: Average cut of $3,264Michigan: Average cut of $3,151Key Features of the Bill:Deductions for tips and overtime income (up to $12,500/year)Expanded child tax credit and standard deductionNo taxes on Social Security for seniorsPermanent 20% qualified business income deductionEnhanced employer-provided childcare tax credit100% deduction for research and experimental expenses
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Across the Country, Americans Will Pay Less in Taxes Thanks to President Trump’s Big Beautiful Bill
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