Trump tax cuts
Search documents
‘WHAT A DIFFERENCE': Sen Blackburn outlines Trump economic wins
Youtube· 2026-01-28 11:30
Let's bring in Tennessee Senator and Gubanatorial candidate Marcia Blackburn. She's a member of the Joint Economic Committee. Senator, always nice to see you.President Trump is kind of in his natural environment right now. He's out on the trail in Iowa. He's pitching his message to voters.The goal here is isn't to push himself across the finish line. It's to get Republicans across the finish line. How important is it that he's out there doing this right now, Senator.>> Oh, it is so vitally important. He doe ...
Bessent says Trump tax cuts could mean ‘substantial refunds’ for working Americans in 2026
Fox Business· 2026-01-27 21:06
Core Insights - Treasury Secretary Scott Bessent indicated that Americans may experience "substantial refunds" and increased paychecks as a result of President Trump's economic policies, with significant impacts expected by 2026 [1][6] - The Trump administration's One Big Beautiful Bill Act is now influencing tax filings for the first time since Trump's return to office, suggesting a shift in fiscal policy [1][2] Tax Refunds and Economic Impact - American taxpayers are projected to receive an additional $91 billion in tax refunds this year, contributing to a record-setting total of $370 billion in refunds [5] - The administration's focus on reducing or eliminating taxes on tips and overtime is expected to enhance take-home pay for working Americans [5][6] Economic Outlook - Bessent expressed optimism for a "non-inflationary boom" in 2026, which he believes could last for several years, citing improvements in affordability due to falling gas prices, easing rents, and rising wages [8][9] - Despite criticisms from some Democrats regarding affordability and tariffs, Bessent maintains that the economic policies are beneficial for working families [9][11] Future Initiatives - The White House is anticipated to release more details on the "Trump accounts," a proposed government-funded investment program aimed at U.S. citizens born between 2025 and 2028 [12]