Ricketts Celebrates One Big Beautiful Win for Nebraskans

WASHINGTON, D.C. – Today, U.S. Senator Pete Ricketts (R-NE) issued the following statement after the U.S. Senate voted to pass the One Big Beautiful Bill Act as part of the budget reconciliation process. “The One Big Beautiful Bill is a once-in-a-generation opportunity to deliver for Nebraska,” said Ricketts. “This legislation will result in increased security, strength, and prosperity for the American people.  The bill restores critical pro-growth business provisions and makes them permanent, benefitting Nebraska farming, ranching, and small business. Most of all, this is a win for families in Nebraska —creating a brighter future for our country.” BACKGROUND: This legislation is a win for Nebraska families: Prevents a $2,443 tax hike on the average Nebraska family. Protects over 44,000 family-owned farms in Nebraska from having their death tax exemption cut in half. Ensures more than 239,000 Nebraska households’ child tax credit is not cut in half. Makes sure more than 868,000 Nebraska families’ standard deduction is not cut in half. Establishes community engagement requirements for able-bodied adults who are choosing not to work and do not have dependent children or elderly parents in their care.