SAVINGS: Tool shows how much money people could pocket under Trump’s ‘big beautiful bill’

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From Fox News: The White House rolled out an interactive map of the U.S. showing the savings Americans can expect from initiatives under President Donald Trump’s One Big, Beautiful Bill Act on a state-by-state basis, Fox News Digital learned Tuesday.

Trump signed the massive piece of legislation into law on the Fourth of July, touting that its tax cuts will make the U.S. economy similar to a “rocket ship” as Americans begin feeling its effects.

On Tuesday, the White House published an interactive map of the 50 states that provides breakdowns of how much Americans can expect to save and see in their pocketbooks compared to if the bill had not been passed and signed into law.


The interactive map presents data on various aspects of the economy.

These included real wage increases, which are calculated as the increase in a worker’s income after accounting for inflation; the expected real take-home pay increase for a family; the number of seniors who benefit from the exemption from Social Security taxes; the percentage of a state’s labor force that is projected to benefit from not paying taxes on tips; and the number of jobs protected in a state.

For example, here is the data listed in Arizona:

Real Wage Increase $3,800-$6,800
Real Take-Home Pay Increase $7,400-$10,600
No Tax on Tips Share Labor Force Benefit 3%
Seniors Benefiting from No Tax on Social Security 1.3M
No Tax on Overtime Share Workforce Benefit 23%
No Tax on Overtime Potential Share Workforce Benefit 64%
Jobs Protected 133k
Share Employees in Manufacturing 6%
Employers Potentially Eligible for the 199A Deduction 103k
Opportunity Zone Jobs Created 23k
Opportunity Zone Housing Units Created 6

 

Here is the data for California residents:

Real Wage Increase $4,900-$8,800
Real Take-Home Pay Increase $8,500-$12,500
No Tax on Tips Share Labor Force Benefit 4%
Seniors Benefiting from No Tax on Social Security 6M
No Tax on Overtime Share Workforce Benefit 19%
No Tax on Overtime Potential Share Workforce Benefit 63%
Jobs Protected 737k
Share Employees in Manufacturing 7%
Employers Potentially Eligible for the 199A Deduction 649k
Opportunity Zone Jobs Created 119k
Opportunity Zone Housing Units Created

 

Here is the data from Texas:

Real Wage Increase $3,900-$6,900
Real Take-Home Pay Increase $7,500-$10,700
No Tax on Tips Share Labor Force Benefit 5%
Seniors Benefiting from No Tax on Social Security 4M
No Tax on Overtime Share Workforce Benefit 27%
No Tax on Overtime Potential Share Workforce Benefit 64%
Jobs Protected 580k
Share Employees in Manufacturing 7%
Employers Potentially Eligible for the 199A Deduction 390k
Opportunity Zone Jobs Created 85k
Opportunity Zone Housing Units

 

Here is the data for Florida residents:

Real Wage Increase $3,700-$6,800
Real Take-Home Pay Increase $7,300-$10,500
No Tax on Tips Share Labor Force Benefit 6%
Seniors Benefiting from No Tax on Social Security 4.8M
No Tax on Overtime Share Workforce Benefit 22%
No Tax on Overtime Potential Share Workforce Benefit 65%
Jobs Protected 408k
Share Employees in Manufacturing 4%
Employers Potentially Eligible for the 199A Deduction 441k
Opportunity Zone Jobs Created 58k
Opportunity Zone Housing Units Created

 

 

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