US EditionLetter to the Editor: Response To Congressman Downing
UNITED STATES, JUL 8 – The One Big Beautiful Bill provides permanent tax relief for small businesses, historic $9 billion Arctic security funding, and supports over 500,000 American manufacturing jobs, officials said.
- On July 4, 2025, President Donald Trump enacted landmark legislation that introduces major tax and investment reforms aimed at benefiting qualified small businesses and enhancing US Arctic security through substantial funding for icebreaker vessels.
- The legislation arose amid rising geopolitical tensions and economic challenges, aiming to bolster small businesses, Arctic security, and prevent a $4.5 trillion tax hike.
- Key provisions include expanded Qualified Small Business Stock benefits with shorter holding periods, increased expensing limits, permanent 20% qualified business income deduction, and historic funding for Arctic icebreakers.
- House Speaker Mike Johnson stated he has 'no concerns at all' about losing seats and expects the bill to help Republicans gain seats, while the legislation also provides significant tax relief for seniors and workers.
- The Act promises improved cash flow and growth for small businesses, historic support for family farms, enhanced Arctic defense, and potential GDP gains alongside job creation in the long term.
20 Articles
20 Articles
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