Failure to renew the Trump Tax Cuts and Jobs Act would result in a $4 trillion tax increase on American taxpayers

Call your Congressman at
(202) 224-3121 and urge them to get the Trump tax cuts across the finish line.

TCJA Fast Facts

1

A family of four making the median income in the United States would see a $1,695 tax increase if the Tax Cuts and Jobs Act expires[1].

2

Following passage of the Tax Cuts and Jobs Act, household income grew from $72,090 to $78,250 between 2017-2019 – a $6,160 increase[2].

3

64.8% of Americans got a tax cut as a result of the Tax Cuts and Jobs Act, including:

  1. 69.1% of those earning $30,000-50,000 per year
  2. 81.7% of those earning $50,000-75,000 per year
  3. 86.6% of those earning $75,000-100,000 per year[3].

4

If the Tax Cuts and Jobs Act expires, over 25 million small businesses will pay higher taxes[2].

5

Not only did the Tax Cuts and Jobs Act create 5.16 million jobs between 2017-2020 as a result of the corporate tax cut, but corporate tax revenue also actually increased by a staggering 41%[2].

6

In 2018, the CBO estimated the Tax Cuts and Jobs Act would result in a projected deficit of $1.9 trillion over 10 years. But the CBO underestimated revenue generated due to increased economic activity by $2.583 trillion – resulting in additional revenue rather than an increased deficit[2].

RESOURCES

AAF’s Conservative Blueprint to Protect American Taxpayers

AAF: American Families Won
With the 2017 Tax Cuts

AAF: Flawed CBO Revenue Estimates Should Not Set Terms For TCJA Reauthorization

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Advancing American Freedom is a nonprofit organization dedicated to developing and advancing conservative policy solutions and principles that improve the lives of all Americans.