Chairman Crapo: One Big Beautiful Bill Delivers on America-First Policies
Washington, D.C.--U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) issued the following statement after the President signed the One Big Beautiful Bill Act into law:
“This landmark legislation fulfills President Trump and Congress’s promises to the American people. It makes permanent the successful 2017 Trump tax cuts and delivers additional tax relief to hardworking Idahoans while investing in our border, modernizing our military and restoring American energy dominance.
“It also takes significant steps to get our fiscal house in order, reducing federal spending by over $1.5 trillion and delivering over $400 billion in deficit reduction. When taking the pro-growth economic effects of Trump’s agenda into account, which the Council of Economic Advisers estimates will increase federal revenues by more than $4 trillion, we are achieving nearly $4.5 trillion in deficit reduction.
“This bill also improves and strengthens programs like Medicaid by targeting waste, fraud and abuse, ensuring it remains financially viable for those it was designed to help. It also delivers significant new tax relief to low- and middle-class families and workers through policies like a boosted standard deduction, increased tax benefits for child care, no taxes on tips, no taxes on overtime and tax relief for seniors.
“These are the policies the American people voted for, and they will make our country safer, stronger and more prosperous. On this and every Fourth of July, may God continue to bless America and our enduring exceptionalism.”
As Chairman of the Senate Finance Committee, which has jurisdiction over federal tax and federal health care policy, Crapo is one of the chief architects of the One Big Beautiful Bill Act. For more information on the provisions within the Finance Committee’s jurisdiction, click HERE.
Next Article Previous Article