WASHINGTON – U.S. Secretary of the Treasury Scott Bessent issued the following statement upon release of the Senate’s version of the One, Big, Beautiful Bill Act:
“We applaud the Senate’s action to progress this critical legislation and expand upon President Trump’s tax relief for hardworking Americans. The One, Big, Beautiful Bill will protect families and small businesses from the largest tax hike in history and deliver No Tax on Tips, No Tax on Overtime, and new tax cuts for seniors. The bill will ensure the United States remains the premier destination for global capital, while protecting American companies and workers from foreign taxes. The passage of this bill will deliver the permanence and certainty both individual taxpayers and businesses alike are looking for, driving growth and unleashing the American economy. We look forward to continuing to work with the Senate and the House to further refine this bill and get it to President Trump’s desk.”
###