Walberg: One Year Later, the Working Families Tax Cuts are Delivering

Congressman Tim Walberg (MI-05) released the following statement reflecting on the upcoming one-year anniversary of the Working Families Tax Cuts.

"Last July, House Republicans passed the Working Families Tax Cuts, which provided the single largest tax cut in American history," said Rep Walberg. "Over the past year, this historic legislation has delivered real relief for the American people with policies like no tax on tips, overtime, and Social Security helping Americans keep more of their hard-earned money. The legislation also included over $280 billion in taxpayer savings, which I ushered through the Education and Workforce Committee as chair. America's golden age is just around the corner, thanks to policies like the Working Families Tax Cuts that are putting money back where it belongs: in the pockets of hardworking families in Michigan."

Background

On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act — the historic Working Families Tax Cuts. A year later, the legislation delivered the largest tax refund season in history due to key policies that are lowering costs for American workers and families. 

The Working Families Tax Cuts' impact this past tax season, courtesy of the Treasury Department:

• Nearly 70% of filers receiving a tax cut earned less than $100,000.
• Over 7.5 million filers have claimed No Tax on Tips, with an average deduction of over $7,000.
• Over 29 million filers have claimed No Tax on Overtime, with an average deduction of over $3,100.
• Over 35 million seniors have claimed the Enhanced Deduction for Seniors, with an average deduction of over $7,500.
• Over 1.4 million filers have claimed No Tax on Car Loan Interest on their new American vehicles, with an average deduction of over $1,800.
• Over 5.5 million Trump Accounts have been opened, with 1.4 million eligible for the $1,000 pilot program contribution.
• Nearly 40 million families have claimed the enhanced Child Tax Credit, which is permanently doubled and expanded by the Working Families Tax Cuts.
• Over 127 million filers (90% of all tax filers) have claimed the permanently doubled standard deduction, simplifying tax filing for millions across America.