Expressing Support for Tax Policies That Support Working Families
Floor Speech
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Ms. MALLIOTAKIS. Mr. Speaker, today, millions of Americans across the country are benefiting from the working families tax cuts that President Trump and Republicans have passed.
The reality is that when you speak to people in my district-- teachers, firefighters, police officers, homeowners, small business owners, senior citizens, parents--they are seeing tremendous savings. They are either paying less in Federal taxes or are receiving a substantial refund, starting with the $40,000 SALT deduction, which was quadrupled. That is benefiting homeowners.
The leader, a fellow Representative from New York City, should know the reason we needed the State and local tax deduction was because our mayor and our Governor kept hammering us to death.
We are providing the relief that they so desperately need. Eighty- eight percent of seniors across the country, 52 million seniors will benefit from the provision of Social Security tax being refunded to them. The standard deduction nearly tripled from where it was in 2016. The $2,200 child tax credit has been extended. The no tax on tips provisions will bring in $1,300 in relief for an average waitress in our district.
Permanently lowering those tax rates was a significant win not for the wealthy but for, perhaps a first time in a long time, the middle class, the working class, and the senior citizen that relies on Social Security.
Let me also remind my colleagues on the other side of the aisle that we have seen tax revenue increase. Since President Trump first enacted those tax cuts in 2017, we have seen tax revenue go up, despite there being these tax cuts. It went up from $3.3 trillion to $5.6 trillion in fiscal year 2026 and even further after this bill was enacted.
The GDP at the same period grew from $18 trillion to $31 trillion because these were tax cuts that helped our economy grow, expand, and create jobs.
While the Democrats all voted ``no,'' they all wanted to see your taxes increase 22 percent, today, on average, Americans are seeing 11 percent in savings, and it is because of President Donald Trump and this Republican Congress that did what we said we are going to do. A lot of politicians talk about cutting taxes. We actually did.
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