<![CDATA[Donald Trump]]><![CDATA[Economy]]><![CDATA[IRS]]><![CDATA[Karoline Leavitt]]><![CDATA[OBBB]]><![CDATA[One Big Beautiful Bill]]><![CDATA[Trump Administration]]>Featured

Trump Tax Cuts Now Kicking in Bigly – RedState

Speaking to the White House Press Corps on Tuesday, the Trump administration Press Secretary, Karoline Leavitt, brought the numbers on the ongoing tax filing season on how much American taxpayers are saving, and what parts of the One Big Beautiful Bill are helping. It’s a pretty comprehensive list.





The Press Secretary reports:

Americans are going to start benefitting from the fruits of President Trump and Republicans’ labor through the passage of the One Big Beautiful Bill, and these historic tax cuts. We are midway through tax season, so just to provide an update from the Treasury Department, that just went out moments ago, nearly 63 and a half million tax returns have been processed thus far. 45 percent of the anticipated total number of tax returns by April 15th, so don’t forget to file your taxes, people. And the average refund this year is more than $3,700. We know that more than 27.5 million individuals who have filed their tax returns thus far, have claimed at least one of President Trump’s new tax cuts. 

Over three and a half million returns have claimed no tax on tips. Over 15.5 million returns have claimed no tax on overtime. Over 9.2 million returns have claimed the enhanced deduction for seniors. And over 690,000 returns have claimed no tax on car loan interest, and another amazing statistic, nearly 3.5 million Trump Accounts have been opened for children in our country thus far. So we look forward, I know the Treasury Department continues to look forward to seeing these checks go out the door and into the pockets of hardworking Americans, and the president will be meeting with them himself tomorrow on the road in both Ohio and Kentucky, and we look forward to seeing you all there.





Those aren’t shabby numbers at all.


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Of course, there are a few things that were doubtlessly compromises that don’t get mentioned; for example, the tax deduction for auto loans only applied to the purchase of a showroom-new car or truck. Trust me, I bought a 2022 F-350 in 2025, and I am not getting any deduction on the interest for that loan. Also, a refund of $3,700 per filing isn’t really as great as it sounds; in the first place, ideally, a taxpayer should have their deductions/payments and filing worked out so that they are within a few bucks either way. A tax refund, after all, is just you getting your own money back, money which the federal government has held, interest-free, for the better part of a year.

Granted, there have been a lot of changes in the tax code this tax year, and there’s a lot of fiddling about by folks to get back to that desirable level.

Still, this is a good instance of the Trump administration having something to crow about. Economic issues, more than anything else, are liable to influence voters in this fall’s midterm elections, and having a little extra heft in the wallet never hurts the voters’ perception of the party in power.







Editor’s Note: The 2026 Midterms will determine the fate of President Trump’s America First agenda. Republicans must maintain control of both chambers of Congress.

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