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Sen. Jim Banks Backs ‘One Big Beautiful Bill’ Citing Tax Relief and Border Security
- On May 22, 2025, the U.S. House of Representatives passed President Donald Trump’s 'One Big Beautiful Bill' after an all-night session, extending key 2017 tax cuts permanently.
- Legislators crafted the One Big Beautiful Bill to permanently extend major 2017 tax cuts and add new breaks for high-income taxpayers, according to tax experts.
- Tax Policy Center projects millionaires will see about a 3% income boost, averaging $75,000 in 2026, with the SALT deduction cap rising to $40,000.
- Analysis indicates the One Big Beautiful Bill could boost economic growth to about 2% and create nearly 938,000 jobs, compared to baseline forecasts.
- Over the long term, the bill enshrines the estate tax as permanent and allows filers to claim up to $1,000 for individuals and $2,000 for couples in charitable deductions.
11 Articles
11 Articles
Sen. Jim Banks Backs ‘One Big Beautiful Bill’ Citing Tax Relief and Border Security
WASHINGTON, D.C. (WFFT) — U.S. Senator Jim Banks (R-Ind.) voted in favor of what supporters are calling the “One Big Beautiful Bill Act,” a sweeping piece of legislation backed by former President Donald Trump that includes historic tax cuts, major…
‘Big, beautiful bill’ will raise both growth and deficits
We are living in an age of hyperbole, or as writer Matthew Hennessey calls it, the “Age of Excusability,” in which our politicians succeed by making outlandish claims. So it goes with the One Big Beautiful Bill, which will usher in a new golden age or send us down the tubes for good, depending on your sources. The Trump administration’s Council of Economic Advisers recently issued a report titled “The One Big Beautiful Bill: Legislation for Hist…
Letters: What they are not telling you about Medicad changes in Big Beautiful Bill
Some years ago, our daughter became a Starbucks barista before graduate school. Her nervous parents were concerned about health insurance, which she assured us would be available as soon as she became a full-time employee. This never happened, as the…
AICPA CEO: Trump Tax Bill's Passage 'a Win for Millions of Businesses, Taxpayers, and Tax Practitioners'
While not perfect, the One Big Beautiful Bill Act contains many beneficial tax provisions that AICPA President and CEO Mark Koziel believes support the business community and will help grow the economy.
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- 57% of the sources are Center
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