Skyline of Columbus, Ohio, from the Library of Congress Collection, Licensed under CC

For nearly a decade, Americans have enjoyed the benefits of the 2017 Tax Cuts and Jobs Act, signed by President Trump in his first administration. Estimates show that the TCJA has saved Americans $2,100 annually, cutting taxes for 80% of Americans. 

The country has since been ravaged by economic crises, inflation, and a pandemic. During that time, the TCJA brought needed relief to Americans, guaranteeing the retention of American workers’ hard-earned dollars. Despite this, the TCJA was temporary, only slated to last for eight years and expiring at the end of 2025. 

Anticipating higher taxes to plague the nation next year, state legislators across the country have been calling for Congress to extend the 2017 TCJA since 2020.  

Most recently, Representative Josh Williams from Ohio introduced a resolution calling upon Congress to make the Trump tax cuts permanent. The passage of that resolution in Ohio proves that states have recognized just how important federal tax relief has been for jobs, investment, and growth.  

In January of this year, Governor Sanders of Arkansas signed into law a resolution that “Urges the United States Congress to permanently extend the Tax Cuts and Jobs Act of 2017 with commensurate spending cuts.”  

Senator Phil Christofanelli of Missouri, as well, has crafted a similar proposal, along with legislators in Utah and Georgia, highlighting the urgency of this issue across the country. 

Luckily, the 2017 tax cuts have been brought back to the table in the form of the One Big Beautiful Bill Act, passed by the House of Representatives on Thursday morning. Included in the bill is a permanent extension of the TCJA, projected to save 6 million jobs and save Americans an average of $3,300 more per year in real income.  

The Council of Economic Advisors found that renewing these cuts will increase GDP growth in the long run by 0.6% while facilitating “$100 billion of investment in distressed communities through Opportunity Zones.”