Celebrating the anniversary of ‘The Working Families Tax Cuts’ – delivering results for Washington’s 5th District.

WASHINGTON, D.C. — Congressman Michael Baumgartner (WA-05) commemorates the one-year anniversary of ‘The Working Families Tax Cuts’ becoming law. On the eve of our nation’s 250th anniversary, we reflect on the results Congress has delivered for hard working Americans. 

“One year ago, we delivered historic tax relief for working families, seniors, and small businesses,” said Congressman Baumgartner. “By lowering taxes, we helped families keep more of what they earn, encouraged businesses to invest and create jobs, invested in rural healthcare, and border security. While there’s still more work to do, this was an important step toward making life more affordable and expanding economic opportunity. I’ll keep fighting to lower costs, protect family farms, and make sure families in Eastern Washington keep more of what they earn,” he said. 

What the law has done to help Eastern Washington: 

• Permanent Estate Tax Relief – helped family farms and ranches pass from one generation to the next without selling assets to pay federal taxes. 
• Extension of the 2017 Tax Cuts – prevented an estimated $4-$5 trillion tax hike on the working and middle class; 
• Boosted Child Tax Credit – increased the fully refundable child tax credit to up to $2,500 per child; 
• No Tax on Overtime – eliminated federal income tax on overtime pay for hourly wage earners; 
• No Tax on Tips – ensures gratuities are completely tax-free for millions of service workers and tipped employees;
• Invested in Rural Healthcare – established a $50 billion Rural Health Transformation Program;  
• Trump Accounts – eligible newborns receive a $1,000 federal grant giving children a head start on saving for education, homeownership, and other future expenses;
• Social Security Tax Relief – delivered the largest senior tax cut in U.S. history by providing a senior tax credit to offset federal taxes paid on Social Security benefits for a vast majority of seniors;
• Permanent Estate Tax Relief – helped family farms and ranches pass from one generation to the next without selling assets to pay federal taxes.