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The Economy -

The "Working Families Tax Cuts" Success

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The Economy - The "Working Families Tax Cuts" Success

​​​​​​​​Results:

Michael helped pass the largest tax relief package in nearly 40 years, providing an average savings of $3,752 per filer.

Specific Wins:

  • No Tax on Tips: Eliminated federal taxes on tips for our service and hospitality workers.

  • No Tax on Overtime: Hard work is finally being rewarded with tax-free overtime pay.

  • Seniors First: Secured a new $6,000 tax deduction for seniors 65+ to offset taxes on Social Security benefits.

  • Car Loans: Made interest on auto loans tax-deductible for the first time for American-made cars.

  • Child Savings Accounts: Launched $1,000 tax-free investment accounts for every American child born in 2025 and 2026.

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