The Working Families Tax Cuts in Republicans’ One Big Beautiful Bill Are Already Making a Difference

Majority Leader | Research | The Leader Board | THE NEWSR...Skip to primary navigation Skip to content×Close THE NEWSROOMRemarks Press Releases The Leader Board Op-Eds Videos SENATE RESOURCESRepublican Senators Committees Congressional Record Congress.gov Senate Floor Webcast ABOUT LEADER THUNE×Close THE NEWSROOMRemarks Press Releases The Leader Board Op-Eds Videos SENATE RESOURCESRepublican Senators Committees Congressional Record Congress.gov Senate Floor Webcast ABOUT LEADER THUNExxsearchxMENUFacebookXInstagramFacebookXInstagramVisit Leader Thune's South Dakota Site Here THE NEWSROOMRemarks Press Releases The Leader Board Op-Eds Videos SENATE RESOURCESRepublican Senators Committees Congressional Record Congress.gov Senate Floor Webcast ABOUT LEADER THUNExxsearchxMENUHomeTHE NEWSROOMThe Leader Board09.05.25The Working Families Tax Cuts in Republicans’ One Big Beautiful Bill Are Already Making a DifferenceAcross the Country, Americans Are Already Feeling the Impact of Lower Taxes Next Year PRESIDENT TRUMP AND REPUBLICANS’ ONE BIG BEAUTIFUL BILL SAVED FAMILIES FROM TRILLIONS IN NEW TAXES AND CREATED NEW PRO-WORKER TAX INCENTIVES“Americans dodged a big tax hike when Congress passed the ‘big, beautiful bill,’ making permanent the tax cuts of President Trump's first term — and adding on a bunch more.” (Axios: How your county is affected by "big beautiful bill" tax cuts – 8/18/25)“The average American will receive a federal tax cut of $3,752 in 2026 thanks to the bill, per an analysis from the Tax Foundation.” (Axios: How your county is affected by "big beautiful bill" tax cuts – 8/18/25)“The big bill not only made the 2017 tax cuts permanent, it added on new breaks: deductions for tips and overtime income, a cut for seniors and an expanded child-care tax cut.” (Axios: How your county is affected by "big beautiful bill" tax cuts – 8/18/25)“The law provides additional tax cuts to individuals and businesses on top of TCJA extensions, including new deductions for tipped and overtime income, an expanded child tax credit and standard deduction, and permanence for 100 percent bonus depreciation and domestic research and development (R&D) expensing.” (Tax Foundation: The One Big Beautiful Bill Cuts Taxes Across the US, New Analysis Finds – 8/13/25)Americans with the lowest incomes will see the biggest decrease in taxes:(The Wall Street Journal: Here Are the Winners From Trump’s Tax Law – 7/26/25)The working families tax cuts in Republicans’ One Big Beautiful Bill Act are bringing relief to every state and county in the country.(Axios: How your county is affected by "big beautiful bill" tax cuts – 8/18/25)THE TAX CUTS ALSO GIVE AMERICA’S AGRICULTURE PRODUCERS THE CERTAINTY THEY NEED TO KEEP FEEDING AND FUELING AMERICA“Farmers have faced increased financial pressure in recent years because of stagnant reference prices, as well as high inflation and rising input costs. According to the U.S. Department of Agriculture, net farm income declined from $228.4 billion in 2022 to $163.1 billion in 2024.” (Arkansas Democrat Gazette: Boozman says One Big, Beautiful Bill Act offers help for farmers – 8/17/25)“The One Big, Beautiful Bill Act — which President Donald Trump signed into law on July 4 — maintains the tax breaks, imposes a federal work requirement for Medicaid recipients, and places a cost share on states for the Supplemental Nutrition Assistance Program, but it also delivers a significant update to agriculture programs.” (Arkansas Democrat Gazette: Boozman says One Big, Beautiful Bill Act offers help for farmers – 8/17/25)Economists at the American Farm Bureau note that the working families tax cuts law “strengthens the farm safety net and offers longer-term certainty for farmers and ranchers navigating rising input costs, volatile markets and weather uncertainty.” (Farm Bureau: One Big Beautiful Bill Act: Final Agricultural Provisions – 7/17/25)The working families tax cuts in the One Big Beautiful Bill Act include:“[Granting] permanency to numerous tax provisions important to families and farms in Title XI, Part 1, preventing their tax rates from increasing if they had been left to expire at the end of 2025.”Making permanent the 199A small business tax deduction, which “lowers the share of farming profits spent on taxes and is a big win for small businesses nationwide that compete alongside corporations with lower tax rates.”Permanently extending the $15 million individual death tax exemption, helping to “ensure more family farms can transition smoothly to the next generation without being forced to sell off land or assets to pay the IRS.” (Farm Bureau: One Big Beautiful Bill Act: Final Agricultural Provisions – 7/17/25)“As Chairman of the Senate Agriculture, Nutrition, and Forestry Committee, I am especially proud we used [the One Big Beautiful Bill Act] to assist farmers, ranchers and ag producers in Arkansas and across the country. We took their input and secured a modernized farm safety net to protect against market volatility and ensure families can continue their efforts, many of which are multigenerational, to keep growing the world’s food, fuel and fiber.” – Senate Agriculture, Nutrition, and Forestry Committee Chairman John Boozman (R-Ark.)“Whether it’s a new tractor, manufacturing equipment or broadband hardware, Oklahoma’s farmers, ranchers and small business owners can now invest in their business again. In the past, some small business owners would have to take out a loan to pay their taxes the year they made a major purchase to support their company because they did not have enough cash flow to do both. Those days are over.” – Sen. James Lankford (R-Okla.)“This One Big Beautiful Bill is a great deal for agriculture and it's one of the reasons I am pleased to be here to talk to you, because it's a phenomenal bill.” – Sen. Pete Ricketts (R-Neb.)FAMILIES ACROSS THE COUNTRY ARE EXCITED ABOUT HOW THE WORKING FAMILIES TAX CUTS WILL HELP THEM GET AHEADIn Iowa, “Republican politicians are traveling the state, celebrating what President Donald Trump’s One Big Beautiful Bill is doing for small businesses.”“‘The biggest impact to us will be increased sales to our manufacturing customers,’ said Brent Gasway, the CFO for JP Gasway Company. ‘It’s not just so we can take that money home and buy a bigger home or go on a fancy vacation, but a lot of us are philanthropic at heart so it allows us to give back to our community,’ Van Kerchkhove said.”“The one big beautiful bill is also eliminating taxes on overtime. Many business owners at Mondays roundtable talked about how that will help keep people in their jobs.” (KRGC Cedar Rapids: Small business owners praise One Big Beautiful Bill for tax breaks – 8/11/25)In Louisiana, “‘It will definitely mean more money for groceries,’ said Michael Cooke, a server at Katie’s [Restaurant in New Orleans] for 13 years. ‘Let's say my grandma needs something, I'll be able to help her out. Little things like that. It will be a big thing.’”“‘I can actually save a little bit of money for once. That would be nice, especially during the slower seasons,’ said Tyler Kuhn, who is also a server at Katie’s.” (WWL New Orleans: How New Orleans servers could save thousands with ‘No Tax on Tips’ law – 7/11/25)According to New York financial advisor Charlie Massimo, who is also the father of two sons with autism, the One Big Beautiful Bill Act’s provisions strengthening ABLE accounts for disabled Americans are “a game changer… For the first time, millions of Americans with disabilities will have access to the same kind of tax-advantaged wealth-building accounts most families already have.” (CNBC: Trump’s ‘big beautiful bill,’ other laws could help individuals with disabilities save money – 7/31/25)In Ohio, “‘The big, beautiful bill was a game changer, especially the no tax on overtime provision and the full expensing of capital investments,’ said Metallus CEO Mike Williams. ‘These measures empower companies like ours to invest, grow and support families across the country.’” (Fox 8 Cleveland: Vice President JD Vance visits Canton to promote Republicans’ big new tax law – 7/28/25)At a roundtable in Arizona, “Pam Furrie, delegate for the Association of Mature American Citizens… praised the additional $6,000 tax deduction for individual seniors and $12,000 for couples. ‘This is going to be huge in helping us to face those expenses that aren’t expected,’ she said.” (13 News Tucson: One Big Beautiful Bill praised at one big roundtable – 8/14/25)PrintEmailTweetPreviousTHE NEWSROOMSENATE RESOURCESABOUT LEADER THUNEFacebookXInstagram