The ‚One Big, Beautiful Bill‘ makes President Trump’s tax cuts permanent, eliminates taxes on tips and overtime and creates 1 million new jobs. All to help Main Street.
After four years of record prices, regulation and low growth, America’s economy is regaining strength. Inflation is at a four-year low. Wage growth is strong, with more than 620,000 new jobs added since January. Business investment is accelerating and optimism is returning. Underpinning that momentum is President Donald Trump’s pro-growth policies – and the small businesses his agenda is built to strengthen.
With the „One Big, Beautiful Bill Act of 2025“, Republicans are working to solidify Trump’s agenda with the most sweeping tax and entitlement overhaul ever – to ensure the Main Street comeback isn’t temporary, but lasting.
Since February, I’ve traveled across the country meeting with small business owners in nearly every sector – from family farms and factory floors to the Main Street cornerstones of restaurants and retailers. Their message is clear: they don’t want bailouts, bigger tax bills or bureaucracy. They want a tax code that enables them to plan for the long term, puts more money in their pockets, and rewards – not punishes – work, entrepreneurship and growth. This bill delivers on all three.
THE ‘ONE BIG, BEAUTIFUL BILL’ URGENTLY NEEDS A MAKEOVER TO USHER IN TRUMP’S GOLDEN AGE
Thanks to Trump’s commitment to ending wasteful spending, data shows that inflation is no longer the top concern for small businesses. Today, the threat of rising taxes has taken the top spot. Unless Congress acts soon, the 2017 Trump tax cuts will expire, raising the top tax rate on small business pass-through income to 43.4%. That would hit more than two-thirds of small business owners, most of whom file taxes as individuals.
