Hoeven Statement on House Passage of One Big Beautiful Bill

BISMARCK, N.D. - Senator John Hoeven issued the following statement after the House of Representatives passed the One Big Beautiful Bill, legislation that delivers on promises to:
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 make our nation more prosperous and more secure. We worked to pass this legislation to provide permanent tax relief for American families that will enable them to keep more of their hard-earned paychecks. We invest in priorities like border security, national defense, unleashing American energy dominance and passing the heart and soul of the farm bill for our farmers and ranchers. At the same time, we find $1.6 trillion in savings to help with our debt and deficit. This bill delivers on the priorities that President Trump promised to get our nation back on track.”
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,providing $4 trillion in tax reliefand willincrease take-home pay by up to $10,900in the first four years for the typical family, resulting from economic growth and tax relief.
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
To support the nation’s farmers and ranchers, Hoeven worked to pass the heart and soul of the farm bill in the One Big Beautiful Bill.  The legislation improves the farm-safety net to meet today’s markets and input costs, essentially providing a seven year farm bill. Specifically, the bill:
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
-###-