Washington, D.C. - House Republicans have passed the One Big Beautiful Bill Act. As a member of the Ways and Means Committee and the Rules Committee, Congresswoman Fischbach (MN-07) played a pivotal role in the development and passage of this legislation.
"House Republicans are committed to delivering on our promise for tax relief for the American people, and we have done that by passing the One Big Beautiful Bill Act," said Congresswoman Michelle Fischbach (MN-07). "I am immensely proud of the work my colleagues and I have done on the Ways & Means and Rules Committees to ensure we develop a bill that provides vital relief for farmers, families, and small businesses. The Ways & Means Committee traveled the country to hear from constituents, and we were told in no uncertain terms that we needed to make the 2017 tax cuts permanent. Anyone who voted against this bill is not listening to what the American people are telling Congress they need."
This One, Big, Beautiful Bill:
- Makes the 2017 Trump tax cuts permanent, protecting the average taxpayer from a 22% increase.
- Makes permanent the doubled guaranteed Standard Deduction and expands it by $2,000 for every American family.
- Creates new tax relief for seniors by adding an additional $4,000 deduction for those age 65 and over.
- Makes permanent the 199A small business deduction and expands it to 23% for the over 60,000 small businesses in the 7th District.
- Makes permanent and increases the doubled Death Tax Exemption for the nearly 30,000 farms in the 7th District, helping families pass down their life's work to the next generation.
- Prevents the Child Tax Credit from being cut in half and expands the credit to $2,500 to support 74,460 families in the 7th District.
- Eliminates tax on tips and overtime pay.
- Expands 529 education so families can make the right choices for them, including for K-12 education materials, universities, or trade school.
- And so much more.
