2026-18573Presidential DocumentWallet

Labor Day 2026: Uncle Sam Says Take the Day Off

Published Date: 9/10/2026

Presidential Document

Summary

No summary available.

Analyzed Economic Effects

4 provisions identified: 3 benefits, 1 costs, 0 mixed.

Permanent Tax Cuts for Taxpayers

If you pay federal taxes, the proclamation states that the Working Families Tax Cuts Act—signed into law last year—made the Administration's tax cuts permanent and says this boosts take-home pay for millions of families across the Nation.

Protective Tariffs Shield American Workers

The proclamation credits the Administration's protective tariffs with shielding U.S. workers from unfair foreign competition and says companies are investing at home, adding over 900,000 American jobs.

Small Business 20% Deduction Made Permanent

If you run a small business, the proclamation says the law makes the small business tax deduction permanent, allowing small business owners to deduct 20 percent of their qualified business income.

Proposed New H-1B Visa Petition Fee

The proclamation states the Administration is proposing a new fee on H-1B visa petitions intended to encourage companies to invest in qualified American workers before seeking foreign labor.

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Key Dates

Effective Date
Published Date
9/7/2026
9/10/2026

Department and Agencies

Department
Independent Agency
Agency
Executive Office of the President
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