The administration's 2025 tax law has bolstered American manufacturing and saved millions of jobs across all 50 states in its first year.

The administration announced that the 2025 tax law, also known as the Working Families Tax Cuts or the One Big Beautiful Bill Act, has delivered significant economic growth across the United States in its first year. A report from the National Association of Manufacturers highlights that the legislation has sustained nearly six million jobs, preserved over $1 trillion in economic output, and safeguarded $540 billion in wages. The law provides manufacturers with permanent, pro-growth tax policies, including 100% expensing for new factories and immediate depreciation for machinery. These provisions have given businesses the confidence to invest in equipment, hire workers, and expand facilities. For example, California saw the highest gains, saving 708,000 jobs and $134 billion in GDP. National Association of Manufacturers CEO Jay Timmons stated that the legislation is one of the most consequential pieces of law in a generation. The administration's policy has successfully provided the certainty needed for long-term planning, helping manufacturers across the country create good-paying jobs and drive innovation.

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