On the same day that we celebrate our nation’s 250th anniversary, the most recent tax cuts will turn a year old. 

President Trump signed into law the One Big, Beautiful Bill Act, known as the Working Families Tax Cuts, on Independence Day 2025. In the past year, Americans have come to realize that, for their households, big actually is beautiful. 

These tax cuts reduce the penalty on hard work. A nurse or police officer putting in extra time after hours and on holidays, away from their families, can now keep more of their overtime pay.  This year, 25 million taxpayers took the new deduction on overtime pay, saving $90 billion. That translates into an average of $3,100 of earnings that they can save for a down payment or fund a family vacation. 

The tipping culture is deeply ingrained in America. Congress has done well to reduce the penalty for providing good service to diners and clients. Millions of Americans work service-based jobs, earning good livings or supplemental cash. These opportunities allow men and women the freedom to travel or the flexibility to take care of family responsibilities. 

This year, 6 million taxpayers claimed the new deduction on tipped income, allowing them to save, on........

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