Hoeven Outlines Permanent Tax Relief for American Families, Workers & Small Businesses

BISMARCK, N.D. – Senator John Hoeven today held a press conference with local business leaders and community members to discuss the benefits of the One Big Beautiful Bill (OBBB) to families and small businesses in North Dakota. Hoeven stressed the legislation maintains and expands tax benefits for low- and middle-income households, reduces the tax burden on workers and boosts the U.S. economy. Combined, the bill’s provisions:
For Families and Individuals:
For Small Businesses:
“At its core, the tax provisions in the One Big Beautiful Bill are about allowing American workers and small businesses to keep more of their hard-earned money,” said Hoeven. “We worked to ensure this legislation provides trillions in tax relief for everyday Americans on a permanent basis. This includes preserving a higher standard deduction, expanding benefits for families with children and eliminating taxes on tips, overtime and Social Security for millions of workers and seniors, respectively. This will not only increase the quality of life for households throughout our country, but it will strengthen our economy by enabling businesses to invest in their operations, recoup their costs and create good-paying jobs across sectors.”
-###-