>>153767, >>153768, >>153769, >>153770, >>153771, >>153772
Council of Economic Advisers @CEA47 - President Trump's tax bill (aka, the Big Beautiful Bill) wouldn't just avoid a catastrophic recession by extending the 2017 tax cuts, but will provide much needed tax relief for businesses & households.
CEA estimates a massive boon for growth, investment, and take-home pay 1/9
https://x.com/CEA47/status/1924575019738230959

Council of Economic Advisers @CEA47 - Preventing the TCJA from expiring + adding 100% expensing for equipment & factory construction, further business tax cuts, and no tax on tips/OT/social security, CEA estimates real GDP will be +4.2-5.2% higher over the next 4 years (and +2.9-3.5% higher in the long run)... 2/9
https://x.com/CEA47/status/1924575021202112599

Council of Economic Advisers @CEA47 - CEA also estimates that 6.6-7.4 million full-time equivalent jobs will be created or saved over the next 4 years (and 4.2 million in the long run).
Full expensing is expected to create an investment boom: +9.8-14.5% over next 4 years and +4.9-7.5% in the long run... 3/9
https://x.com/CEA47/status/1924575022598721931

Council of Economic Advisers @CEA47 - Consumers are still reeling from Bidenflation. CEA estimates the new tax bill would increase wages by $6,100-$11,600 per worker, and a typical family with 2 kids will see take-home pay rise by $7,800-$13,300... 4/9
https://x.com/CEA47/status/1924575024008085945

Council of Economic Advisers @CEA47 - Individual tax breaks will also aid Americans who have suffered unduly from real wage losses.
CEA estimates an additional short-term boost of $1,400-$1,750 for overtime workers, $1,675 for tipped workers & $400-$450 for seniors... 5/9