Why renewing the Trump tax cuts is essential for working families and small business

If Congress doesn’t act soon, American families will lose $1,500 a year.

That’s how much the Trump tax cuts (TCJA) saved the average family of four. But these tax cuts are set to expire at the end of the year, raising taxes on millions of hardworking families and small businesses.

On the heels of four years of Bidenomics-induced inflation, many won’t be able to afford the hit.

Here’s How the Trump Tax Cuts Helped Families

• Lower taxes across the board. Every income level benefited, keeping more money in your pockets instead of Washington’s coffers.
• A simpler tax code. Nearly doubling the standard deduction meant fewer families had to navigate complicated tax filings, allowing them to spend less time on paperwork and more time on what matters.
• More money for everyday expenses. Families could afford groceries, childcare, and other essentials without feeling squeezed by excessive taxes.

Small Businesses Thrived

• Keeping American businesses at home. Lower corporate taxes ended decades of companies moving overseas, leading to a 20% increase in new investments.
• Encouraging entrepreneurship. More people took the leap to start new businesses, creating jobs and innovation in their communities.

It’s because of powerful benefits like these that the Trump tax cuts have such broad public support. A stunning 90% of Americans want to keep the lower tax rates that the Trump tax cuts established.

Let’s make sure Congress listens.

What’s at Stake if the tax cuts expire

If Congress allows the Trump tax cuts to expire, Americans will face:

• Higher tax bills. Families will see less take-home pay, making it harder to save or cover essential costs.
• Complicated tax filings. More people will be forced to itemize deductions again, making tax season more stressful.
• Job losses and economic slowdown. Small businesses, hit with higher taxes, will struggle to hire and expand.
• Massive tax hikes looming. Small businesses could face a 43.4% tax rate. That would make it much harder for them to grow and hire workers.

Congress Must Act

The Trump tax cuts work. They deliver real savings, real growth, and real opportunity. Letting it expire would be a major setback for families and entrepreneurs already dealing with inflation and economic uncertainty.

Parents need to be able to afford childcare. Small business owners need to reinvest in their companies. You deserve to keep more of what you earn.

Tell Congress: Keep taxes low and protect prosperity.

Click here to sign our letter to Congress and urge your lawmakers to renew the Trump tax cuts before it’s too late.