This Thanksgiving , Americans have much to be thankful for following a massive tax cut and the elimination of wasteful spending in the “one big, beautiful bill.” Indeed, the House Ways and Means Committee announced on Nov. 17 that tax refunds in 2026 will total $191 billion, which could be the largest refund in history.
While the welcome relief from years of high taxation and inflation under the Biden administration will make everything more affordable for taxpayers, more must be done to get spending under control.
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