President Trump has once again defied the odds and the Washington establishment. With the stroke of a pen, the “big, beautiful” budget bill became law on July 4, delivering a stunning victory for his second-term agenda and a bold affirmation of his promise to put America’s middle class first.

The new tax and spending law delivers real, lasting changes that strengthen working families, reward productivity, and restore common sense to Washington’s economic priorities. Here are five ways it will benefit the middle class, highlighting how this legislation serves as a cornerstone for a more prosperous economic future for tens of millions of Americans.

1. Extending the tax cuts

The centerpiece of the new tax and spending law is an extension of the personal income tax cuts created by the Tax Cuts and Jobs Act, which President Trump signed into law in 2017.

The 2017 tax cut law provided one of the most significant tax cuts in history for middle-income Americans. Earlier this year, I published an updated study about the effects of the 2017 tax cuts for individuals and families. As I showed in that report, the taxpayers who received the biggest cuts, in terms of percentage saved, were those earning less than $75,000.

The study further revealed that more than 50 million middle-income filers have likely saved between $6,322 and $13,494........

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