• The GOP has reached an agreement on their enormous tax overhaul.
• Career site Zippia broke down how the final tax bill could affect take-home pay in 2018 for people in various occupations.
• Business Insider looked into how the bill would affect blue collar workers’ wallets.
US President Donald Trump has marketed himself as a champion of working people. And Congressional Republicans are touting their new finalized tax bill as a wage-boosting, job-creating boon to the middle class, as well as a means of simplifying the tax system.
But the tax reform efforts have earned harsh criticisms from the public and experts. The conservative Tax Foundation found Republicans also overpromised on how much the bill would boost the economy, according to Business Insider.
Business Insider’s Lauren Lyons Cole reported that while take-home pay is set to rise under the tax reform plan, most Americans won’t see a ton of extra cash in their pockets. But how much you save also depends on how much you currently earn.
Career site Zippia’s David Luther provided us with data breaking down how different occupations fare under the finalized tax plan. Business Insider decided to look into how the new plan will affect blue collar workers – people in jobs that center around non-agricultural physical labor – in particular.
The estimated federal tax savings below are for a single, childless taxpayer who owns a house valued at three times their salary. Zippia's calculations factored in whether a given taxpayer would benefit most from taking the standard deduction or itemizing deductions.
Following is a look at how blue collar workers in a number of occupations, from food preparation workers to power plant operators, could see their taxes change next year if the tax plan becomes law.
Food preparation workers
Average salary: $22,920
Current tax: $1,412
Tax under the Republican plan: $1,120
Percent tax cut: 20.7%
Restaurant cooks
Average salary: $25,430
Current tax: $1,788
Tax under the Republican plan: $1,421
Percent tax cut: 20.5%
Janitors and cleaners — except maids and housekeeping cleaners
Average salary: $27,030
Current tax: $2,028
Tax under the Republican plan: $1,613
Percent tax cut: 20.5%
Bicycle repairers
Average salary: $28,520
Current tax: $2,252
Tax under the Republican plan: $1,792
Percent tax cut: 20.4%
Bus drivers, school or special client
Average salary: $31,110
Current tax: $2,640
Tax under the Republican plan: $2,103
Percent tax cut: 20.4%
Painting, coating, and decorating workers
Average salary: $32,040
Current tax: $2,780
Tax under the Republican plan: $2,214
Percent tax cut: 20.3%
Cabinetmakers and bench carpenters
Average salary: $34,800
Current tax: $3,194
Tax under the Republican plan: $2,546
Percent tax cut: 20.3%
Refuse and recyclable material collectors
Average salary: $37,690
Current tax: $3,620
Tax under the Republican plan: $2,892
Percent tax cut: 20.1%
Construction laborers
Average salary: $37,890
Current tax: $3,645
Tax under the Republican plan: $2,916
Percent tax cut: 20.0%
Automotive service technicians and mechanics
Average salary: $41,400
Current tax: $4,081
Tax under the Republican plan: $3,338
Percent tax cut: 18.2%
Roofers
Average salary: $42,080
Current tax: $4,166
Tax under the Republican plan: $3,419
Percent tax cut: 17.9%
Welders, cutters, solderers, and brazers
Average salary: $42,450
Current tax: $4,212
Tax under the Republican plan: $3,464
Percent tax cut: 17.8%
Machinists
Average salary: $43,220
Current tax: $4,307
Tax under the Republican plan: $3,556
Percent tax cut: 17.4%
Plumbers, pipe-fitters, and steamfitters
Average salary: $56,030
Current tax: $6,338
Tax under the Republican plan: $5,626
Percent tax cut: 11.2%
Electricians
Average salary: $56,650
Current tax: $6,465
Tax under the Republican plan: $5,763
Percent tax cut: 10.9%
Rotary drill operators, oil and gas
Average salary: $57,140
Current tax: $6,565
Tax under the Republican plan: $5,870
Percent tax cut: 10.6%
Aircraft mechanics and service technicians
Average salary: $61,190
Current tax: $7,397
Tax under the Republican plan: $6,761
Percent tax cut: 8.6%
Power plant operators
Average salary: $73,800
Current tax: $9,977
Tax under the Republican plan: $9,361
Percent tax cut: 6.2%