American taxpayers will receive an average tax cut of $3,752 under President Donald Trump’s One Big Beautiful Bill, according to a new analysis released Friday by the nonpartisan Tax Foundation.
The organization also projects that the legislation will create nearly one million new jobs nationwide. The sweeping tax overhaul represents the centerpiece of Trump’s economic agenda. White House officials tout it as historic relief for middle-class families.
“President Trump’s One Big Beautiful Bill is the largest, most consequential tax cut on the middle class ever,” said White House Deputy Press Secretary Anna Kelly. “Between lower inflation, massive investments, and historic tax cuts, all Americans are reaping the benefits of the Trump Economy — and the Golden Age has just begun.”
The legislation eliminates federal taxes on tips, overtime pay, and Social Security benefits. It also expands the Child Tax Credit and provides new incentives for domestic manufacturing and small businesses.
According to the Tax Foundation analysis, the bill “will reduce federal taxes on average for individual taxpayers in every state.” Job creation varies by state, from an estimated 132,000 positions in California to 1,700 in Vermont.
The organization estimates 938,000 full-time equivalent jobs will emerge nationwide. Texas alone could see 81,000 new positions under the plan.
The White House frames the tax cuts as part of broader economic achievements. Administration officials cite controlled inflation, rising blue-collar wages, and record domestic spending as evidence of policy success.