Newsweek: Look Beyond Refunds: Tax Relief Bill Is Putting Americans To Work | Opinion
By Kevin Brady
This tax season, millions of Americans are keeping more of what they earn.
From tax deductions on tips and overtime to providing relief for senior citizens and a larger standard deduction, the 2025 Tax Relief Bill is delivering immediate savings for working families. As of April 24, more than 95 million Americans had received refunds totaling over $312 billion—a 17.8 percent increase from last year—with more than 90 percent of filers claiming at least one of the new tax cuts. For overtime workers, seniors, and tip-dependent employees, those larger refunds are helping cover everyday essentials.
But higher refund checks aren’t the only way the Working Families Tax Cut Act is delivering for Americans. The bigger story playing out away from the spotlight is how the law is already reshaping business behavior in ways that will energize the U.S. economy for decades: creating more jobs, more investment, and driving more innovation here at home.
New research from the Alliance for Competitive Taxation (ACT), a nonpartisan coalition of tax experts from 48 leading American companies, provides hard data validating the bill’s promises. ACT reviewed U.S. investment announcements made after enactment of the Tax Relief Bill by its member businesses and other Fortune 100 companies and found more than 37,000 jobs are expected to be created.