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Commentary: Pass 'Big Beautiful Bill' to Fuel Big, Beautiful Growth

  • The Senate is considering the One Big Beautiful Bill Act, which aims to reform U.S. tax policy significantly as Congress reviews it.
  • If passed, the bill would increase deductions for small businesses and allow for immediate deductions on research and development expenses, enhancing global competitiveness.
  • The legislation proposes raising the standard deduction and includes a temporary bonus deduction for older individuals, impacting personal taxes.
  • The bill reflects a shift in government incentives toward American manufacturing and fossil fuel production.
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13 Articles

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Republican factions gawk at Senate's tax, Medicaid changes to 'big, beautiful bill'

(The Center Square) – The Senate Finance Committee’s tax and health care additions to Republicans’ multitrillion-dollar policy megabill include likely deal breaking changes that have thrown congressional Republicans in disarray.

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The High Point Enterprise broke the news in on Tuesday, June 17, 2025.
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