‘Working Families Tax Cuts’ Law is Good for America

Now that the Democrat-dictated Schumer Shutdown is behind us and the salaries of our military and air traffic controllers are being paid, the ability to fully secure the American border has returned, and the critical demands of South Carolina, such as Fort Jackson and the Savannah River Site are no longer being interrupted, American families can again focus on the benefits they want and deserve with the passage of the Working Families Tax Cuts.

Delivering on the promises made by President Donald Trump this summer, the Working Families Tax Cuts, formally known as the One Big Beautiful Bill, now law, is landmark legislation that cuts taxes, cuts spending, and provides pro-growth policies that will spur businesses and create jobs.  

A Public Opinion Strategies poll showed that 84% of voters wanted Congress to act to keep tax rates where they were, as the Working Families Tax Cuts does. Among partisan lines, this is supported by 95 percent of Republicans, 81 percent of Independents and 74 percent of Democrats. 

The same poll found that 60 percent of the American people understood that voting to allow the 2017 tax cuts to expire was the same as their member of Congress voting to increase taxes. Voting for tax increases is never good for families. 

The Trump-inspired 2017 Tax Cut and Jobs Act increased household income by $5,000 and boosted wages by nearly five percent in just two years.  

The Tax Cuts and Jobs Act of 2017 worked, but it had an expiration date. If the Working Families Tax Cuts had not passed, those lower rates would have ended, and Americans would have faced one of the biggest tax increases in history.  

In South Carolina, the Working Families Tax Cuts prevents a tax increase on more than 100,000 businesses employing 1.8 million South Carolinians. If the legislation had not gone into effect, it could have destroyed almost 11,000 jobs. 

South Carolinians would have seen an average tax increase of $2,200 and businesses would have seen a tax increase of nearly $1,000.   

However, the law does more than keep taxes low. It ends expiration dates for these tax cuts, reduces uncertainty, and enables families and businesses to make long-term plans with confidence.  

That kind of stability will help foster growth, with the added benefit that expiring tax cuts can’t be leveraged in the future to advance a tax-and-spend agenda. 

That alone would have been enough to make Working Families Tax Cuts a winner, but there are so many other good provisions in it beneficial for families of all incomes.

The law significantly cuts spending. The national debt soared past $37 trillionin August — nearly $110,000 for every man, woman, and child in the country. The Working Families Tax Cuts is an essential course correction, reducing spending by $1.7 trillion.

The law also ends the war on American energy that has driven up gas prices and worsened inflation. It will boost domestic energy development and support our energy needs by increasing oil and gas leases on federal lands -- lowering prices and creating jobs.

 Border security provisions in the law will fund 10,000 new Immigration and Customs personnel, 5,000 new customs officers, and 3,000 new Border Patrol Agents.  

On health care, 7.5 million Americans will now gain access to health savings accounts, while at least 75 million will benefit from expanded access to direct primary care. 

Further, despite what critics have said, Medicare and Social Security will be protected, while Medicaid will be guarded against waste, fraud, and abuse, ensuring it is available to the most vulnerable Americans.

No law is perfect, and no single law will solve every problem, but the Working Families Tax Cuts charts a more sustainable fiscal course that will reduce inflation and create jobs.   

Joe Wilson is a member of the U.S. House of Representatives serving South Carolina’s 2nd District. 

Matt Humm is State Director of Americans for Prosperity-South Carolina.