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Americans in All 50 States Will See a Tax Cut with the One Big Beautiful Bill

Author
Instaread Podcast
Published
Fri 15 Aug 2025
Episode Link
https://podcasters.spotify.com/pod/show/thevishinator4/episodes/Americans-in-All-50-States-Will-See-a-Tax-Cut-with-the-One-Big-Beautiful-Bill-e36tfa9

Summary:
The White House highlights analysis indicating President Trump’s “One Big Beautiful Bill” (OBBBA) delivers tax cuts to individual taxpayers in every U.S. state, averaging $3,752 per taxpayer in 2026. The article cites the Tax Foundation’s estimate that the legislation will create roughly 938,000 full-time equivalent jobs over the long run, with the largest gains in California and Texas. Framed as a centerpiece of the Administration’s economic agenda, the law includes provisions such as No Tax on Tips, No Tax on Overtime, No Tax on Social Security, an expanded Child Tax Credit, Made in America incentives, and small business tax cuts.


Key topics:

  • Nationwide impact: average $3,752 tax cut per individual taxpayer in 2026, with reductions in every state.
  • Employment effects: approximately 938,000 long-run FTE jobs, with state-level estimates (e.g., ~132,000 in CA, ~81,000 in TX, ~1,700 in VT).
  • Policy components: elimination of taxes on tips, overtime, and Social Security benefits; expanded Child Tax Credit; domestic manufacturing incentives; small business tax relief.
  • Framing: positioned as the largest middle-class tax cut and a driver of investment, wage growth, and reduced inflation.
  • Source attribution: statistics and projections credited to the Tax Foundation analysis.


Notable quotes:

  • “President Trump’s One Big Beautiful Bill is the largest, most consequential tax cut on the middle class ever.” — Deputy Press Secretary Anna Kelly
  • “We estimate the OBBBA will reduce federal taxes on average for individual taxpayers in every state… the average tax cut per taxpayer will be $3,752 in 2026… [and] create about 938,000 full-time equivalent jobs over the long run.” — Tax Foundation

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