The White House (@WhiteHouse): THE ONE, BIG, BEAUTIFUL BILL – WHAT THEY ARE SAYING 🇺🇸🦅

THE ONE, BIG, BEAUTIFUL BILL – WHAT THEY ARE SAYING 🇺🇸🦅 "The House Republicans’ tax plan to make the Tax Cuts and Jobs Act permanent and cut taxes for Main Street is a major win for American small businesses. House Republicans listened to the Creator’s Network and small business owners when they called for expanding the expiring 20% small business tax deduction that has been a lifeline to Main Street over the past few years." — Alfredo Ortiz, President and CEO, Job Creators Network "We are particularly encouraged that the legislation increases and makes the death tax exemption permanent, recognizing the unique challenges family-owned businesses face in planning for generational continuity. Additionally, the legislation ensures strong tax relief for working families making individual tax cuts permanent and expanding both the standard deduction and child tax credit." — National Association of Wholesaler-Distributors (NAW) "The Committee’s markup represents a pivotal moment in the effort to protect and enhance tax reform, which delivers transformative economic benefits for American businesses, workers and families." — Kristen Silverberg, President & COO, Business Roundtable "This provision—the 45B FICA Tip Tax Credit—is a critical step toward tax fairness for our industry. It protects small business owners and the service professionals who are the economic backbone of communities across the country." — Myra Y. Reedy, PBA "Taken as a whole, the tax proposals in the Chairman’s mark highlight the needed investment in our nation’s housing supply, strengthening urban and rural communities, and growing the broader economy to the benefit of all Americans." — The Real Estate Roundtable "The permanent extension and maintenance of sound tax policy will enable the next generation of effective financial planning, and families and small businesses to make informed decisions, invest with confidence, and build a secure financial future." — Kevin Mayeux, CEO, NAIFA "Since President Donald Trump introduced the concept last year, the ‘No Tax On Tips’ has earned widespread and bipartisan support because it gives tax relief and fairness for millions of hard working Americans. Dashers, the independent contractors who deliver on the DoorDash platform, will highly value the independence and flexibility that dashing provides...‘No Tax On Tips’ would allow them to take home even more pay." — Jonn Horton and Katherine Rodriguez, Head of North America Public Policy and Interim Head of Federal Affairs, DoorDash "Since its inception in 1938, the Small Business Deduction (Section 199A) has empowered pass-through businesses to invest in their people and operations, and invest in their communities. This bill would not only prevent a massive tax hike on millions of small businesses, but it would also make permanent a tax cut for tens of millions of small business owners." — Adam Temple, Senior Vice President for Advocacy, NFIB "This is an organization that recognizes the critical role of family-owned businesses in the American economy. We urge Congress to support this legislation and to keep family-owned businesses front and center as they continue through the budget reconciliation process." — Francis Creighton, President and CEO, WSWA "The One, Big, Beautiful Bill rolled out by Chairman Smith today offers a powerful mix of policies and incentives that will supercharge American entrepreneurship, investment, and job growth. It will bolster business competitiveness and growth, increase wages for workers, and grow the economy." — Karen Kerrigan, President & CEO, SBE Council "For the 96% of manufacturers that are organized as pass-through businesses, this bill is more than policy—it’s a path to growth. It means the ability to buy equipment, hire workers, increase pay, and expand operations with greater certainty and confidence. Not only is the Ways and Means Committee’s draft tax bill a win for the Tax Cuts and Jobs Act for these businesses—this bill is the natural next step in continuing to unlock economic growth for the entire economy, including by increasing and making permanent the job-creating pass-through deduction." — Jay Timmons, President and CEO, NAM "This draft language preserves or strengthens a raft of provisions vital to housing affordability, including making the current lower income tax brackets permanent." — Shannon McGahn, Executive Vice President and Chief Advocacy Officer, NAR "A supersized Child Tax Credit will ease the financial burden families raising children and those hoping to welcome new babies into the world. A more generous tax deduction on business income will give small businesses the certainty to plan for the future and reinvest in their business." — Patrice Onwuka, Director of the Center for Economic Opportunity, Independent Women’s Forum "We applaud the House Ways and Means Committee for their hard work in crafting a tax plan that supports American energy leadership. As this important discussion in Congress, we look forward to working with policymakers on policies that attract capital, enhance the pro-investment policies, and grow American businesses and global competitiveness." — Mike Sommers, President and CEO, API "The Tax Cuts and Jobs Act (TCJA) was an economic game changer that fueled a wave of investment in innovation and workforce development...Doubling down on what has already proven to work is the right strategy, and we’re excited to see the House take the first step that will lead to legislation on the President’s desk." — Courtney Titus Brooks, Vice President, Tax, RILA "This blueprint includes the top tax priorities restaurant operators need to grow and continue to be the cornerstones of this country’s local economies. Tax policies can be make-or-break for small business, but that’s especially true for restaurant operators, who run their businesses on thin 3-5% pre-tax margins." — Sean Kennedy, Executive Vice President Public Policy, National Restaurant Association "Chairman Smith’s tax package is a positive step forward in ensuring a tax code that will empower heartland businesses. Making permanent the tax cuts in the House package will build upon the proven provisions of the Tax Cuts and Jobs Act—including full and immediate expensing, immediate research and development (R&D) expensing, and enhanced interest deductibility—this legislation package demonstrates a clear commitment to competitiveness, job creation and economic expansion." — David French, Executive Vice President of Government Relations, NRF "We believe it is an important step toward providing the long term tax framework that businesses need to succeed. We are glad that the bill includes permanent TCJA’s international tax measures and several expired provisions, including R&D and the interest limitation deduction." — Anne Gordon, Vice President for International Tax Policy, NFTC "Nearly half of all businesses are structured as pass through businesses, and without this legislation many would have seen their tax increase at the end of the year...By providing greater financial certainty, this latest draft bill decreases the tax burden on small business owners, supports the workers they employ and contribute to sustained economic growth and prosperity." — IFA "The Ways and Means Committee unveiled tax reform legislation that will position the United States for years of economic growth and prosperity. Our members and companies have seen firsthand how a competitive tax environment drives investment, stimulates economic expansion, and supports higher wages for American workers." — Dan Combs, Executive Director, RATE Coalition