Hoeven: Senate Passes One Big Beautiful Bill, Providing Permanent Tax Relief for American Families and Small Businesses

WASHINGTON - Senator John Hoeven today helped secure passage of the One Big Beautiful Bill, legislation to providepermanent tax relief for American families and small businesses,while delivering on key promises, including:
At the same time, the legislationfinds savings of $1.6 trillionthrough common sense reforms and reducing waste, fraud and abuse, ultimatelyreducing the deficit by $507 billion.
“The One Big Beautiful Bill will provide permanent tax relief, ensuring that Americans can keep more of their hard-earned dollars,” said Hoeven. “This legislation delivers on promises made by President Trump, including securing the border, investing in our military, empowering American energy dominance and supporting our farmers and ranchers. These are the priorities that will make our nation more prosperous and more secure.”
Tax Relief for Families and Small Businesses
The legislation permanently extends current individual tax rates and bracket changes of the Tax Cuts and Jobs Act,preserving $2.6 trillion in tax breaksfor those earning under $400,000 per year, andpreventing a $1,700 tax hike on the average family of four.
The bill providesnew and expanded tax deductions and credits for individuals, families and seniors, including:
The legislation helpssmall businesses, including agricultural producers and manufacturers invest in their operationsby:
Support for Farmers and Ranchers
The legislation provides strong support for the nation’s farmers and ranchers, and improves the farm-safety net to meet today’s markets and input costs by:
Unleashing U.S. Energy Dominance
The One Big Beautiful Bill will help restore American energy dominance by rolling back burdensome Green New Deal policies and empowering domestic energy production, including:
Bolstering the Military
Securing the Border
Supporting Water Infrastructure
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