Working Families Tax Cuts

Safe Streets. More Money in Your Pocket. New Opportunities to Get Ahead

Safe Streets

  • Complete funding for constructing the southern border wall and other infrastructure to secure the border
  • New investments to enhance immigration and customs screening, including background checks
  • Increased funding for Immigration and Customs Enforcement and Customs and Border Protection to enhance recruitment and to support enforcement and removal operations
  • Hiring more immigration judges to address the backlog of immigration cases
  • Funds efforts to combat drug trafficking and clamp down on the flow of deadly drugs like fentanyl
  • No tax on overtime for law enforcement
  • Increased funding for the Edward Byrne Memorial Justice Grant Program (Byrne JAG)*
  • Increased funding for the Community Oriented Policing Services (COPS), supporting boots-on-the-ground efforts to combat violent crime*

*State and local governments must be in full compliance with federal immigration laws to receive this funding

  • $9B to improve service member quality of life in housing, child care, and education
  • $25B for the Golden Dome for America
  • $29B for Navy shipbuilding and expanding an unmanned fleet
  • $25B to restock munitions and establish resilient supply chains
  • $1B to accelerate fielding of emerging technology to our troops at scale
  • $9B to reverse the decline in the size of the Air Force fleet and deliver the F-47 sixth-generation stealth fighter
  • The largest single Coast Guard investment in history ($24B) to acquire new aircraft and ships to stop drug runners and smugglers
  • Total of $12.5B for urgent technology and safety needs at the FAA, like upgrading 1960s-era radar systems
  • Funding to replace more than 600 radars
  • Upgrading infrastructure away from copper wires to next-generation broadband services

More Money in Your Pocket

For Working Families

  • The average American will receive a federal tax cut of $3,700 in 2026, and low rates will be permanent
  • Permanently increased standard deduction claimed by nearly 90% of taxpayers
  • Permanently increased child tax credit for millions of families

 

For Small Businesses

  • Permanent extension of the 20 percent small business tax deduction
  • Permanent full expensing for domestic research and development
  • Permanent full expensing for new capital like machinery and equipment
  • Permanent restoration of interest deductibility to finance new domestic investments
  • No Tax on Tips
  • No Tax on Overtime
  • New $6,000 bonus tax deduction for seniors
  • No tax on car loan interest for new vehicles made in America
  • Increased domestic energy production to help lower costs

New Opportunities to Get Ahead

  • Enhanced child care tax credits to make child care more accessible and affordable
  • “Trump Accounts” for children to build future financial security
  • New access to Health Savings Accounts to lower costs for millions of Americans
  • Extended paid family and medical leave credit
  • Enhanced 529 savings accounts to make education more affordable
  • New school choice tax credits to expand education opportunities
  • Full expensing for new factories and factory improvements
  • Permanently renewed and enhanced Opportunity Zone program, driving $100+ billion of investment to rural and distressed communities
  • Full repeal of Democrats’ $600 IRS reporting threshold, cutting red tape and creating new opportunities in the gig economy

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