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THE BIG BEAUTIFUL BILL: A TAX CUT TRIUMPH OR A LOOMING DISASTER?

On May 18, 2025, the House Budget Committee finally approved President
Donald Trump’s “One Big Beautiful Bill,” a sweeping tax reform
package aimed at extending the 2017 Tax Cuts and Jobs Act (TCJA) and
introducing new tax breaks. This victory marks a pivotal moment for
Trump’s agenda. The bill promises significant tax relief for
millions, but failure to pass it could unleash the largest tax hike in
history, hitting American families and businesses hard.

The bill permanently extends TCJA’s core provisions, including lower
income tax rates across all brackets, a doubled standard deduction
(rising to $30,000 for joint filers in 2025), and a higher estate tax
exemption of $15 million. It also introduces Trump’s campaign
promises: no taxes on tips, overtime pay, or Social Security benefits,
plus a new deduction for auto loan interest on American-made cars.
Small businesses benefit from a permanent 23% pass-through deduction,
projected to create over 1 million jobs annually, while manufacturers
gain from 100% expensing for new factories. The Tax Foundation
estimates these measures will boost long-run GDP by 1.1%, adding
847,000 full-time jobs, and increase after-tax incomes by 2.9% in
2026. The top 5%—households earning over $461,000—stand to gain
the most, securing over 45% of the benefits, with the top 0.1%
potentially gaining $389,000 annually. Middle-class families also see
relief, with a family of four earning the median $80,610 saving
$1,695—equivalent to nine weeks of groceries—through lower rates
and an expanded Child Tax Credit of $2,500 per child.

Hardline Republicans on the House Budget Committee initially blocked
it, demanding deeper spending cuts, and relented during a rare Sunday
night session on May 18.

Speaker Mike Johnson and the bill’s proponents made good, strategic
adjustments. The original bill scheduled Medicaid work requirements to
begin in 2029, giving states time to adjust systems and enforce
safeguards. To win their support, the timeline was
accelerated—potentially to as early as 2027, though exact details
remain undisclosed. Additionally, the bill’s provisions for green
energy tax credits, enacted under Biden’s administration, were
revised for a faster phase-out, addressing conservative demands to
reduce subsidies they labeled the “green new scam.” These changes
were critical, as the four dissenters shifted from “no” votes to
“present” during the Sunday night vote, allowing the bill to pass
17-16.

If the bill fails, the TCJA’s expiration after 2025 will trigger a
$4 trillion tax hike over a decade, the largest in U.S. history. The
average taxpayer would face a 22% tax increase, with a family of four
losing $1,700 annually. The Child Tax Credit would halve for 40
million families, dropping to $1,000 per child, and 91% of taxpayers
would see their standard deduction slashed to $16,525 for joint
filers. Small businesses would be crushed by a 43.4% top tax rate
without the pass-through deduction, impacting 26 million
entrepreneurs. The bottom 60%—households earning under
$96,000—would lose the most relative to their income, gaining just
$400 annually if the bill passes but facing disproportionate cuts if
it fails.

Supporters praise the projected economic growth—$284 billion from
manufacturing alone—which will offset 16% of revenue losses,
securing 6 million jobs and empowering working families.

THE STAKES ARE HIGH AS THE BILL MOVES TO THE HOUSE FLOOR. Act for
America is rallying support, urging citizens to pressure lawmakers to
pass this legislation. If it fails, the tax hike could derail
Trump’s economic vision, leaving Americans to bear the burden of a
broken system. The choice is clear: secure these tax cuts for a
prosperous future, or face a fiscal storm that could reshape the
nation’s economy for decades.

ABOLISH THE IRS AND INCOME TAX-TAKE A HALF-MINUTE TO ACT!

[Abolish Income Tax]
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_THANK YOU FOR YOUR SUPPORT AND PARTICIPATION,_

_BRIGITTE GABRIEL_

 

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_All donations are tax-deductible._

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