July 01,2025

Chairman Crapo Statement on Senate Passage of One Big Beautiful Bill Act

Washington, D.C.--U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) today hailed Senate passage of the One Big Beautiful Bill Act:

“With this bill’s passage, the United States Senate is fulfilling President Trump’s promise to secure the border, fortify our national defense and unleash American energy.  This legislation also prevents the biggest tax hike in U.S. history from ever happening, delivers additional tax relief to hardworking families and takes significant steps to get our fiscal house in order. 

“Making the successful 2017 Trump tax cuts permanent ensures Americans keep more of their hard-earned money, and gives businesses the certainty they need to make the long-term investments that power economic growth.  New tax relief from policies like no taxes on tips, no taxes on overtime, tax relief for seniors and additional child care assistance will overwhelmingly benefit the working class.  

“The legislation also achieves historic savings by targeting waste, fraud and abuse in our federal spending programs, strengthening them for the most vulnerable citizens they are intended to help.

“Extending good tax policy, delivering targeted relief and reining in wasteful spending is the best way to restore economic prosperity and opportunity for all Americans.  I look forward to getting it to the President’s desk as soon as possible.”

Crapo, as Chairman of the Senate Finance Committee which has jurisdiction over tax policy, 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.