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Working Families Tax Cut

This year, I was proud to vote to provide Americans historic tax relief; promote economic growth; prevent waste, fraud, and abuse; invest in our military; secure our border; unleash American energy; and more.

Read below to learn more about how the Working Families Tax Cuts supports Arkansas families

Extending and Enhancing Historic Tax Cuts

Leaves more of your paycheck in your pocket

  • Makes the 2017 Trump tax cuts permanent.
  • Delivers a $9,000 increase in yearly take-home pay for a typical family of four.
  • Allows seniors to deduct $6,000 on their taxes.
  • Raises the Child Tax Credit to $2,200 for more than 330,000 Arkansas families.
  • Preserves and increases the standard deduction for 91% of taxpayers.
  • Expands 529 savings accounts for American families to choose the education that best fits their child’s needs.

Restoring American Energy Dominance

Lowers costs by unleashing American resources

  • Reinstates onshore oil and gas lease sales, generating $12 billion in revenue.
  • Lowers oil, gas, and coal royalty rates, incentivizing production and reducing costs.
  • Streamlines federal permitting and delivers certain environmental review documents in one year or less.
  • Resumes leasing for energy production.
  • Supports domestic critical mineral mining development.

Prioritizing National Security

Supports Peace Through Strength

  • Provides $46.5 billion to complete the border wall.
  • Provides approximately $35 billion to recruit, hire, and retain CBP and ICE officers, agents, and support personnel.
  • Provides $150 billion to increase military readiness, restore American deterrence, and revitalize the defense industrial base.
  • Invests $34 billion in shipbuilding to produce a 21st–century naval fleet with over a dozen new ships.
  • Improves quality of life for our troops with $9 billion in funding to increase pays and improve housing.
  • Provides $21 billion for munitions to restock America’s arsenal and ramp up domestic production of rare earth and critical minerals.
  • Provides $7 billion for air superiority to accelerate the delivery of next generation aircraft and autonomous systems.

Advancing Pro-Growth Policies

Puts American workers and small businesses first

  • Raises real wages by up to $7,200 for every American worker.
  • Delivers on no tax on tips or overtime pay.
  • Maintains the 20% small business deduction for 173,000 Arkansas small businesses.
  • Adds an estimated one million new small business jobs annually over the next decade.
  • Estimated to boost GDP by 2.4 to 2.7 percent through the 10-year budget window.
  • Reinstates immediate expensing for research and development costs.
  • Reduces reporting burdens and paperwork requirements for small businesses and entrepreneurs.

Modernizing American Aviation Industry

Creates safer skies for air travel

  • Allocates $12.5 billion to overhaul air traffic control systems.