Labor & Employment Law Daily Wrap Up, WHITE HOUSE NEWS—White House asserts that ‘One Big Beautiful Bill’ will deliver gains in wages, take-home pay, (Jun 20, 2025)

By WK Editorial Staff

The bill’s “massive benefits will be felt by Americans in all 50 states,” said the White House.

A June 18 White House news article asserts that President Trump’s “One Big Beautiful Bill” will present “an economic windfall for working and middle-class Americans, delivering the largest tax cut in history, higher wages, higher take-home pay, and much more—coupled with generational spending cuts and deficit reduction that will position the U.S. for real prosperity.” The article reports projected “Long run wage increase (Inflation-adjusted)” and “Take-home pay increase (Typical family with two kids)” for all 50 states but not the District of Columbia or the federal territories.

For California, for instance, the article projects a long-run wage increase of $7,500 to $14,300 and a take-home pay increase of $9,200 to $16,000. For New York, the projected figures are $6,800 to $13,000 and $8,500 to $14,700. For Texas, they are $6,000 to $11,300 and $7,700 to $13,000. For Illinois, they are $6,200 to $11,800 and $7,900 to $13,500.

The White House’s projections are based on a state-by-state analysis by the Council of Economic Advisers, which, according to the article, “calculates how investment, GDP, and wages increase in response to lower effective tax rates (lower statutory rates, bigger deduction for pass-through businesses, and full expensing that businesses will enjoy on new equipment, R&D, and factories) using standard academic methods that were successful in accurately forecasting the effects of the 2017 Tax Cuts and Jobs Act (TCJA).”

News: WhiteHouseNews EconomicNews FederalLegislation