Trump’s Big Beautiful Bill: A Breakdown of Expected Savings Across the US

The White House has rolled out an interactive map showing the expected savings Americans can anticipate from President Donald Trump’s One Big, Beautiful Bill Act. This legislation, signed into law on July 4, promises significant tax cuts, impacting various aspects of American life.

Key Provisions and Expected Savings
– Real Wage Increases: Workers can expect increased income after accounting for inflation, with California residents anticipating $4,900 to $8,800 boosts and Nebraskans expecting $3,700 to $6,600 increases.

– Take-Home Pay Increases: Families with two children in California may see $8,500 to $12,500 increases, while those in Nebraska could receive $7,300 to $10,300 more.

– No Tax on Social Security: Approximately 6 million seniors in California and 300,000 in Nebraska are expected to benefit from this provision.

– No Tax on Tips: Around 4% of California’s labor force, employed in occupations likely to benefit from this provision, may see significant savings ¹ ².

State-by-State Breakdown
– California: Real wage increase of $4,900 to $8,800, take-home pay increase of $8,500 to $12,500 for families with two kids.

– Nebraska: Real wage increase of $3,700 to $6,600, take-home pay increase of $7,300 to $10,300 for families with two kids.

– New Jersey: Real wage increases of $5,000 to $9,000, take-home pay increase of $8,600 to $12,700 for families with two kids.

– New York: Real wage increase of $4,400 to $8,000, take-home pay increase of $8,000 to $11,700 ¹.

Impact on American Families
Treasury Secretary Scott Bessent praises the bill, stating it prevents a $4.5 trillion tax hike, allowing average workers to keep an additional $4,000 to $7,200 in annual real wages. This could be the difference between making mortgage payments, buying a car, or sending a child to college for millions of Americans.