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Tax Cut Results By The Numbers

- January 25, 2018

The impact of the Tax Cuts and Jobs Act just one month after its passage

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$82,590,000,000 : Amount To Be Invested In The United States Economy Because Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

$857,125,000 : The Amount Of Money U.S. Companies Are Donating To Charity Because Of Savings From The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

$200,000,000 : The Amount PNC Financial Will Make In Charitable Contributions Because Of Savings From The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

$50,000,000 : The Amount The Walt Disney Company Has Pledged To Invest In Employee Education Because Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

27,200,000 : Number Of Americans Estimated To Be Able File Their Taxes More Simply By Taking The Standard Deduction. (Shaina Mishkin, "Here's How To Tell Whether The New GOP Tax Plan Will Simplify Your Taxes," Time , 12/20/17)

6,700,000 : The Number Of Americans Who Will No Longer Have To Pay The Obamacare Penalty Thanks To The Tax Cuts And Jobs Act. (K.K. Rebecca Lai and Alice Parlapino, "Millions Pay the Obamacare Penalty Instead of Buying Insurance. Who Are They?," The New York Times , 11/28/17)

3 Million : The Number Of Employees Who Received Bonuses As A Result Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

200,000 : AT&T Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

145,000 : Bank Of America Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

127,000 : American Airlines Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

125,000 : Walt Disney Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

100,000 : Comcast Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

60,000 : U.S. Bancorp Employees Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

55,000 : Southwest Airlines Received $1,000 Bonuses In The Wake Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

26,712 : New Jobs Created In A Month Because Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

26,712 : More Jobs Created Because Of The Tax Cuts And Jobs Act Than Senate Minority Leader Chuck Schumer (D-NY) Predicted. ("Senate Minority Leader Schumer: We Need Jobs, This Tax Bill Doesn't Do It," CNBC , 11/22/17)

22,000 : The Number Of J.P. Morgan Chase Employees Who Will See Their Base Wage Raised To $15-$18 An Hour. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

8,468 : The Number Of Diapers A Family Making The Median Salary In The U.S. Could Buy With Their Tax Savings. ("Pampers Swaddlers Diapers, Size Newborn, 144 Diapers," Walmart , Accessed 1/24/18)

$5,000 : The Amount Walmart Will Give Employees For Adoption Expenses Because Of The Tax Cuts And Jobs Act. (Press Release, "Walmart To Raise U.S. Wages, Provide One-Time Bonus And Expand Hourly Maternity And Parental Leave," Walmart , 1/11/18)

2,500 : The Number Of New Jobs Created In Warren, MI By Fiat Chrysler. ("Tax Cuts And Jobs Act," Committee On Ways And Means , Accessed 1/24/18)

$2,059 : The Average Tax Cut For A Family Making The U.S. Median Income, $73,000. ("Tax Cuts And Jobs Act," Committee On Ways And Means , Accessed 1/24/18)

$1,000 : The Amount Of Money A Majority Of Workers Getting Bonuses As A Result Of The Tax Cuts And Jobs Act Received. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

435 (Or 100%) : The Number Of Congressional Districts Where, On Average, Constituents Will See A Tax Cut From The Tax Cuts And Jobs Act. ("Tax Cuts For Every Congressional District," Committee On Ways And Means , Accessed 1/24/18)

400 : The Number Of Brand New J.P. Morgan Chase Branches That Will Open Because Of The Tax Cuts And Jobs Act. ("Tax Cuts For Every Congressional District," Committee On Ways And Means , Accessed 1/24/18)

Over 200 : Companies Gave Their Employees Bonuses In Response To The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

100% : The Share Of Democratic Lawmakers Whose Constituents Will Get, On Average, A Tax Cut In Their State Or District. ("Tax Cuts For Every Congressional District," Committee On Ways And Means , Accessed 1/24/18)

80% : The Share Of Taxpayers Who Will Receive A Tax Cut This Year As A Result Of The Tax Cuts And Jobs Act. (Joseph Lawler, "80 Percent Of Taxpayers Would Get Tax Cuts Next Year Under GOP Bill, Think Tank Says," The Washington Examiner , 12/18/17)

70% : The Share Of Americans Who Take The Standard Deduction, And Will Benefit From The New, Doubled, Standard Deduction. (Paul Davidson, "How Trump's Tax Plan Would Affect Households," USA Today , 4/26/17)

62 : The Number Of Companies That Gave Their Employees Pay Raises As A Result Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

51 : Days Since House Minority Leader Nancy Pelosi (D-CA) Predicted The Tax Cuts And Jobs Act Would Lead To Economic Armageddon. (Mike Lillis, "Pelosi Denounces GOP Tax Reform As 'Armageddon.'" The Hill , 12/4/17)

50 : States Where Middle-Class Taxpayers Will See A Tax Cut In 2019. ("Tax Cuts For Every Congressional District," Committee On Ways And Means , Accessed 1/24/18)

36 : The Number Of Companies That Increased Their Minimum Wage To $15 An Hour Because Of The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

24 : Senate Democrats Running For Reelection In 2018 Who Now Must Explain To Their Constituents Why They Voted Against Tax Cuts, Raises, And Jobs For The Middle-Class. ("2018 Senate Election Interactive Map," 270 To Win, Accessed 1/24/18)

22 : The Number Of Companies That Expanded Employee Benefits In Order To Share Increased Profits From The Tax Cuts And Jobs Act With Employees. ("List Of Tax Reform Good News," Americans For Tax Reform, 1/23/18)

20% : The Amount Of Income Small, Pass-Through Businesses Can Now Deduct Tax-Free Under The Tax Cuts And Jobs Act. (Heather Long, "The Final GOP Tax Bill Is Complete. Here's What Is In It," The Washington Post , 12/15/17)

18 : The Number Of Companies Committed To Investing Significantly Into The United States Economy With Savings From The Tax Cuts And Jobs Act. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

12 : The Number Of Utility Companies Across The Country Who Will Pass Along Savings From The Tax Cuts And Jobs Act To Their Customers This Winter. ("List Of Tax Reform Good News,"Americans For Tax Reform, 1/23/18)

0 : Democrats Who Voted For The Tax Cuts And Jobs Act. ("H.R. 1: Tax Cuts And Jobs Act," Govtrack.Org , Accessed 1/22/18)

????? : The Amount Of Money And Benefits Workers Would Have To Receive Before Multi-Millionaire Nancy Pelosi Considers It More Than "Crumbs." (Bob Bryan, "Nancy Pelosi Says Companies' Bonuses To Workers Because Of The Tax Bill Are 'Crumbs,'" Business Insider , 1/11/17)


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