Americans Win with the Working Families Tax Cuts

Washington, D.C.--Thanks to the historic Working Families Tax Cuts legislation largely driven by U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho), Americans are starting 2026 with lower taxes, higher wages and new pro-growth policies.  This week, the U.S. Department of Treasury unveiled a new platform to show how those reforms are making a difference to individuals, families and businesses throughout the country.

“Thanks to President Trump and congressional Republicans, instead of being hit with a massive tax hike on January 1st, Americans began the new year looking forward to bigger paychecks and more opportunities to get ahead,” said Crapo. “The Working Families Tax Cuts Act will benefit middle-class Americans for years to come, and its permanent pro-growth policies are helping small businesses hire, invest and innovate. As Americans begin to see the effects of the legislation in their own budgets, the Treasury Department’s new website will be a useful tool for understanding how it is also benefitting the wider economy.”

According to the U.S. Department of Treasury, the Working Families Tax Cuts will result in:

• $3,750 average tax cut per filer
• $100 billion in total tax refunds in 2026 for American families
• $7,200 in higher wages per American worker
• 7.2 million American jobs protected and created

Click HERE to learn more about the Finance Committee provisions in the Working Families Tax Cuts Act.

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