Conservative Lawmakers Must Unite on the One Big Beautiful Bill Act

Washington D.C.— The America First Policy Institute (AFPI) released the following statement from Greg Sindelar, interim President and CEO concerning the Senate version of the One Big, Beautiful Bill Act:

"The Senate version of the One Big Beautiful Bill Act will help usher in the Golden Age of affordability as promised by President Trump. Unity between Senate and House conservatives is vital to advancing this bill. The time for real change is now, and that means Congress delivering on America First priorities and moving quickly to reduce taxes, ensure accountability, and restore fiscal sanity.

The bill turbocharges economic growth by making the Trump tax cuts permanent and increases opportunity zones. Making personal tax rates permanent for individuals and small businesses enables families to keep more of what they earn – rather than expanding the size of government. The bill also unleashes American energy by reforming our arcane permitting process, finishes building our border wall and border security systems, and properly funds mass deportation operations.”

Stop the highest middle-class tax increase of this century: Failing to extend the 2017 Tax Cuts and Jobs Act (TCJA), also known as the “Trump tax cuts,” means the marginal rate for taxpayers would increase for every American. This would come at a time when American families are still reeling after four years of debt and dependency under the Biden-Harris Administration. Policies from the Biden Administration left our nation with the highest inflation in 40 years, a doubling of the monthly payment of the median priced house in our country, record high consumer credit card debt, and massive regulatory compliance costs.

Deliver the economic Golden Age for businesses and individuals: AFPI policy experts have highlighted the need for TCJA extension in multiple studies, but particularly in the Center for American Prosperity’s Make the Tax Cuts and Jobs Act Permanent research report. The report makes the case that the Trump tax cuts were a central contributor to the historic economic success America achieved in the years following its passage.

Provide lower inflation and economic certainty: TCJA permanency has the potential to return our nation once again to the higher growth rates and lower inflation to levels witnessed during the first Trump Administration. According to AFPI’s Office for Fiscal and Regulatory Analysis, American families face a significant tax hikes without TCJA extension. Making these provisions permanent provides the certainty that American businesses and families need to fully realize real wealth and affordability.

Boost economic growth and domestic investment: TCJA lowered the corporate tax to a lower rate to boost economic growth. These permanent corporate tax reforms in TCJA produced a 20% increase in domestic investment. As AFPI research highlights, the result of the TCJA is that the real GDP grew at a 2.5% annual rate and rose by $2.3 trillion. Research estimates that the long-run domestic capital stock will continue and grow by 7% more, resulting in increased pre-tax wages on top of the direct boost to take-home pay from the tax cuts for individuals. Moreover, this analysis is without other pro-growth elements of TCJA, like the 20% pass-through deduction for small businesses. The way out of Biden-Harris stagnation is through economic growth rather than more government programs.