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Report: Average American household will benefit from 'big, beautiful bill' tax cuts
The One Big Beautiful Bill Act cuts federal taxes by an average of $3,752 per taxpayer in 2026 and includes reforms to Medicaid, SNAP, and estate tax exemptions.
- July 2025 marked the enactment of the One Big Beautiful Bill Act, with the Congressional Budget Office projecting average household resource gains over the next 10 years.
- Unindexed tax provisions eroded value over time, as the Child Tax Credit’s $2,000 cap remained unchanged from 2018 to 2024, analysts said.
- According to the Congressional Budget Office, distribution analyses reveal that the Poorest 10% would lose about $1,700 annually, while the Highest-earning 10% would gain approximately $14,537.
- Alongside tax cuts, job creation is forecast; the Tax Foundation estimates about 938,000 jobs will be created, including over 132,000 in California and 81,000 in Texas.
- Last month, the Tax Policy Institute found an estimated 62% of tax filers avoid a tax hike in 2026, with that share dropping to around 70% by 2030.
25 Articles
25 Articles
Rep. Brad Finstad: Don’t believe the Democrats’ lies. 'Beautiful' bill strengthens Medicaid for Minnesotans
On July 4, President Trump signed the One Big Beautiful Bill into law, delivering on the mandate 77 million Americans gave him in November. From securing our borders, to unleashing American energy, to preventing the largest tax hike in American history — this historic piece of legislation contains wins for every Minnesotan. Yet the Democrats, fueled by their hatred for President Trump, have been on a fearmongering campaign about the contents of …
Death Tax Relief Testimonials in Praise of Big Beautiful Bill - Americans for Tax Reform
Katelynn Dynneson Larson, rancher (Sidney, Montana): “Without the estate tax reforms in the One Big Beautiful Bill — like the increased exemption and protections for working ranch land — ranches like ours would have likely had to decide whether to sell off cattle or land just to cover the tax bill when it was time to pass it down. Now we have a fair shot at keeping the whole ranch together for the next generation.” — Katelynn Dynneson Larson Den…
Report: Average American household will benefit from 'big, beautiful bill' tax cuts
(The Center Square) – The average American household will see their resources increase over the next 10 years due to the tax cuts in the One Big Beautiful Bill Act, according to the most recent Congressional Budget Office analysis.
Letter: Stauber does nothing about hurtful cuts
Since the House adjourned, U.S. Representative Peter Stauber has been in many photo ops. He spends much of this time defending the Big Beautiful Bill his Republican majority voted into law. It is a massive spending bill cutting medical and poverty programs for the poor and middle class but giving huge tax cuts to the very wealthy and large corporations. Stauber says the cuts must be done to get...
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