On the recordMay 21, 2025
every day I hear this big story about how we are making big tax cuts for the rich. Let's be abundantly clear once again, today, that the current tax rate on the wealthiest Americans is 37 percent. Under the new law we will be passing soon enough, it will stay at 37 percent. The people who will get the true tax cuts in this bill are people who have earned Social Security, people who have earned tips, and have earned overtime pay. That is the message we need to make clear. It is 37 percent now, and it will be in the future. We are not cutting taxes for the rich. We are looking out for the folks that make America work every day and who have been hardest hit in the last 4 years by high inflation and failed government policies.
Source
govinfo.gov
