Tax Day is here, and this year brings welcome news for millions of Americans. Unlike in years past, small businesses and middle‑class families are experiencing significant tax relief, thanks to President Trump’s Working Families Tax Cuts.
By making the 2017 Tax Cuts and Jobs Act permanent, President Trump prevented higher tax rates for working families and small business owners. Today, the Working Families Tax Cuts he signed into law last year are producing measurable results. Average refunds are up 11% from last year, to an average of $3,571. For roughly 12 million small business owners, taxes are down nearly $7,000 on average.
Nearly 20 million workers have benefited from the No Tax on Overtime provision. More than a quarter of all tax refunds now reflect savings tied to overtime tax relief, and over 4.6 million taxpayers have claimed No Tax on Tips.
As the U.S. Small Business Administration’s Pacific Regional Administrator, I regularly speak with small business owners across Arizona, California, Hawaii, Guam, and Nevada. I hear firsthand how these tax changes are helping them grow. Many are purchasing new equipment, investing in research and development, and expanding their operations. Their employees are also benefitting through higher take‑home pay from tips and overtime.
Running a small business has never been easy. As a former small business owner in the auto industry, I understand the realities of long hours, uncertainty, and the responsibility that comes with signing the front of someone else’s paycheck.
President Trump’s America First agenda is helping to foster an environment where Main Street can succeed. The Working Families Tax Cuts doubled the first‑year equipment purchase write‑off from $1.25 million to $2.5 million, allowing small firms to deduct more of their investment up front. That frees up capital to hire workers, expand operations, and reinvest in their communities. The permanent extension of the 20% Small Business Deduction is also delivering about $4,600 in average tax savings to eight million entrepreneurs nationwide. And it made the 199A deduction for small businesses permanent.
Support does not end with tax relief. Whether it is access to capital, business counseling, or assistance entering international markets, the Small Business Administration offers resources to help entrepreneurs capitalize on these opportunities. Business owners should work closely with their tax professionals to understand which benefits apply to their situation and how to make the most of them.
The government should work for the American people, not against them. President Trump and his Administration are focused on empowering Main Street—not Wall Street—by keeping taxes low, cutting red tape, and expanding access to capital so families and small businesses can experience the Golden Age of America. From manufacturers in the Midwest to service businesses in our Pacific communities, these policies are helping entrepreneurs hire, invest, and grow in the neighborhoods they call home. When small businesses succeed, Main Streets across the country become stronger, safer, and more prosperous—and this Administration is committed to continuing that fight for America’s workers and job creators.
Steven Snow, U.S. Small Business Administration Pacific Regional Administrator, oversees the agency’s programs and services in California, Arizona, Nevada, Hawaii and Guam.
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