By Senator Markwayne Mullin
Oklahomans overwhelmingly voted for President Donald J. Trump to bring down costs and get our economy back on track. As promised, the ‘One Big, Beautiful Bill’ that became law on the 4th of July delivers the most pro-growth, pro-family, and pro-business policies in American history.
While Washington Democrats scream the same tired lies about “tax cuts for billionaires” until they’re blue in the face, Americans know the truth. Our economy was MUCH better for working families and small businesses before Joe Biden took office.
Back in 2017, many doubted President Trump. Then, Congress passed the President’s extremely successful Tax Cuts and Jobs Act of 2017 which primarily benefited low- and middle-income families while increasing the share of taxes paid by the wealthiest Americans.
In fact, during President Trump’s first term, working families making less than $30,000 saw the largest tax cut of ANY income group (13.5%) thanks to the 2017 Republican tax law. The bottom 20 percent of earners saw their federal tax rate fall to the lowest levels in 40 years. In 2018 and 2019, wages increased 4.9 percent, and real median household income rose by $5,000.
In 2024, President Trump ran on restoring the strongest economy in history and delivering historic tax breaks for working-class Americans. The ‘One Big, Beautiful Bill’ makes the 2017 Trump Tax Cuts permanent– protecting the average taxpayer from a 22 percent tax hike.
If Congressional Republicans had failed to make the Trump Tax Cuts permanent in this bill, the average working family of four in Oklahoma would’ve seen a $2,013 tax hike next year. Just one week after it became law, the ‘One Big, Beautiful Bill’ is already paying off for the millions of Americans who voted for President Trump–and even those who didn’t!
Instead of a tax hike, the OBBB delivers an additional $1,300 tax cut for the average American family–the equivalent of roughly nine weeks of groceries for a family of four. On average, workers will see $3,300 more in real income back in their pockets.
Our legislation delivers even more Trump campaign promises, including boosting the Child Tax Credit for over 40 million families, no tax on tips or overtime pay, and additional tax relief for seniors. These policies reflect Republicans’ belief that Americans should keep more of their hard-earned tax dollars to spend and save at home instead of sending more money to Washington, D.C. bureaucrats.
While no bill is perfect, I was extremely proud to cast a YES vote on ‘One Big, Beautiful Bill’ to deliver on many of our MAGA campaign promises.
Remember: every single Democrat in the U.S. House and Senate OPPOSED tax relief and voted FOR the largest tax hike in history on 207 million taxpayers. Luckily, President Trump and Congressional Republicans delivered.”
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