What They Are Saying: Senate Republicans’ Legislation Delivers for American Workers, Businesses
Washington, D.C.--The Senate Finance Committee’s legislation prevents a more-than $4 trillion tax hike and makes the 2017 Trump tax cuts permanent, giving American families and businesses the certainty they need to invest and plan for the future.
Individuals and organizations committed to promoting economic opportunity and prosperity for all Americans are speaking out in support of the Finance Committee tax legislation.
U.S. Chamber of Commerce
“The Senate has taken the House-passed bill and strengthened the policies that do the most to increase domestic investment, job creation, and wage growth. In particular, the Senate prioritizes the permanent reinstatement of three crucial tax policies.
“These reforms are not only foundational to a competitive tax code, but they also provide the certainty and stability businesses and workers need to foster the type of major, long-term capital investments that fuel economic growth and opportunity for all Americans.” – Neil Bradley, Executive Vice President, U.S Chamber of Commerce
National Association of Manufacturers
“We commend Chairman Crapo for his leadership and steadfast commitment to pro-manufacturing tax policy. By preserving the full suite of pro-growth policies from the Tax Cuts and Jobs Act, this bill marks a major step forward for manufacturing in America.” – Jay Timmons, President and CEO, National Association of Manufacturers
National Restaurant Association
“The Senate has included in their tax bill the top priorities restaurant operators need to be the engines of their local economies. The inclusion of a permanent 199A qualified business income deduction, full expensing of capital investments, and the return of depreciation and amortization in the calculation of business interest expense have been our highest tax priorities for more than two years. We are also pleased to see many other policies like No Tax on Tips and Overtime are also included. We appreciate the work that has gone into getting the bill to this point and urge the Senate to pass this legislation to support the restaurant industry.” – Sean Kennedy, Executive Vice President, National Restaurant Association
U.S. Department of the Treasury
“We applaud the Senate’s action to progress this critical legislation and expand upon President Trump’s tax relief for hardworking Americans. The passage of this bill will deliver the permanence and certainty both individual taxpayers and businesses alike are looking for, driving growth and unleashing the American economy.” – Scott Bessent, U.S. Treasury Secretary
Americans for Tax Reform
“The Senate tax package delivers on President Trump’s campaign pledge to make the 2017 tax cuts permanent, providing across the board, pro-growth tax relief for American households and businesses.
“The Senate’s tax package improves upon the House-passed bill by making the most pro-growth tax cuts permanent, greatly increasing economic growth and boosting take-home pay for American households.” – Mike Palicz, Director, Americans for Tax Reform
National Taxpayers’ Union
“The Senate plan encourages long-term business investment in the U.S. by making growth-boosting provisions permanent. The House’s bill provides those deductions on a temporary basis. But making it permanent could double the bill’s projected economic growth effect.” – Brandon Arnold, Executive Vice President, National Taxpayers’ Union
Advancing American Freedom
“The Senate has built on the House’s strong start to renew the Trump tax cuts. Now Congress must continue to refine this package and send it to President Trump’s desk. Otherwise, American families will see a devastating $2,000 increase on their taxes next year. Let’s get this done and prevent the largest tax hike in American history.” – Tim Chapman, President, Advancing American Freedom
Coalition for 1099-K Fairness
“The Coalition for 1099-K Fairness strongly supports the Senate Finance package’s inclusion of language to raise the 1099-K reporting threshold. This commonsense provision would increase the threshold to over $20,000 in total payments and more than 200 transactions per calendar year—effectively stopping the implementation of a burdensome $600 threshold, regardless of transaction count, scheduled to take effect in 2026 under the American Rescue Plan Act (ARP).”
Business Roundtable
“Business Roundtable commends Chairman Crapo and the Senate Finance Committee for delivering strong legislation that builds on President Trump’s historic tax reform. The Committee’s tax title marks the latest critical step toward protecting and boosting the economic benefits that tax reform delivered for American businesses, workers and families.” – Kristen Silverberg, President and COO, Business Roundtable
Invest in Education Coalition
“Access to opportunity for children across the country is one step closer to becoming a reality. This bill will empower parents and provide students with opportunities regardless of their ZIP code and fulfill President Trump’s pledge of universal school choice. We urge the U.S. Senate to pass this critically important bill to help America’s K-12 parents and students.” – Anthony J. de Nicola, Board Chairman, Invest in Education Coalition
American Petroleum Institute
“We applaud Chairman Crapo and the Senate Finance Committee for presenting a tax plan that fortifies America’s energy advantage. This proposal strengthens key investment provisions and encourages oil and natural gas development to meet growing demand for affordable, reliable energy. We look forward to working with Congress to get the One Big Beautiful Bill across the finish line and ensure a final tax package that advances global competitiveness.” – Mike Sommers, President and CEO, American Petroleum Institute
Click HERE to view bill text.
Click HERE for a section-by-section.
Click HERE for a bill overview.
Click HERE to view the 2025 Tax Reform landing page.
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