Trump has called on Congress to pass the largest tax cut in U.S. history, saying it would achieve 3.3 to 3.8 percent GDP growth in the short term.

According to an official White House announcement, President Trump's renewed call for Congress to pass the "Big, Beautiful Act", the largest tax cut in U.S. history, is expected to:
Real GDP will grow by 3.3 to 3.8% in the short term and 2.6 to 3.2% in the long term.
Increase real wages by $3,300 per year.
Middle-class household incomes will increase by $5,000 a year.
4.10 million new jobs will be created.