Celebrating a New Year with Republicans’ New Tax Cuts
Washington, D.C.—Thanks to President Trump, U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) and congressional Republicans, instead of dreading a massive tax hike, Americans rang in the New Year excited to have more money in their pockets and more opportunities to get ahead in 2026. The Working Families Tax Cuts Act will benefit middle-class Americans for years to come and its permanent pro-growth policies will help small businesses hire, invest and innovate. Read what Senate Finance Committee Republicans said about the new and immediate relief for families, workers and businesses before heading into the new year:
U.S. Senator Mike Crapo (R-Idaho)
Idaho State Journal: Republican agenda means prosperity, strength for America
“The core of the legislation provides significant tax relief to Idaho’s families, workers and businesses still recovering from years of record-high inflation. The bill not only prevents the largest tax increase in U.S. history, but also makes the successful 2017 Trump tax cuts permanent and delivers additional tax relief to everyday Americans.”
U.S. Senator Chuck Grassley (R-Iowa)
Remarks on the Senate Floor: Economic Growth Provisions in OBBB
“A top priority of mine – the 20 percent small business deduction is made permanent to benefit Main Street business owners and family farmers alike. Just as importantly, the bill permanently restores full expensing for machinery and equipment to boost domestic production. All of this, combined with a permanent extension of the across-the-board lower tax rates, [proves] the One Big Beautiful Bill is a recipe for economic success.”
U.S. Senator John Cornyn (R-Texas)
“While there is no magic wand that will lower prices and end financial uncertainty, Republicans have delivered relief through the Working Families Tax Cuts and put more money back into the pockets of working Texans. Our historic reforms will help families, those struggling with health care costs or car payments, as well as hourly workers, tipped workers and seniors.”
U.S. Senator John Thune (R-South Dakota)
Permanent Tax Relief Under the Tree
“Republicans’ top priority this year was delivering tax relief for these hardworking Americans to give them more breathing room in their budgets. Without action by Congress, 2026 would have brought a massive tax hike. Thanks to the Working Families Tax Cuts, that tax hike isn’t coming next year, or the year after that, or ever. And that’s great news as we head into the new year.”
U.S. Senator Tim Scott (R-South Carolina), U.S. Senator Bill Cassidy (R-Louisiana), U.S. Senator Ted Cruz (R-Texas), and Betsy DeVos
Fox News: The ‘big, beautiful bill’ gives parents a choice and kids a chance
“By creating multiple pathways to high-quality education, we ensure that no child remains trapped in an unsafe or failing school. Millions of low- and middle-income students of all races and backgrounds will now benefit enormously from billions in new scholarships. And new hope and opportunity.”
U.S. Senator James Lankford (R-Oklahoma)
“A lot of companies are looking to be able to buy a new piece of equipment, whether it’s a big truck, if you’re a delivery service, or whether it’s manufacturing, whatever it may be, they’ve had to depreciate that out after several years, and now they can do it in the year that they actually purchased it. So that expense happens that year. That helps them in their taxes. That also incentivizes them to buy more equipment, which helps more manufacturing, which helps more jobs, which helps the economy.”
U.S. Senator Steve Daines (R-Montana)
“We passed the most significant piece of legislation in my time on Capitol Hill, some 13 years, was that One Big Beautiful Bill. The more you dig into it, the more good things the American people are going to see.”
U.S. Senator Todd Young (R-Indiana)
Young Supports One Big Beautiful Bill Act
“The One Big Beautiful Bill Act will deliver the largest tax cut in history for working and middle-class Hoosiers, expand the child tax credit, spur new economic growth and job creation, and advance President Trump’s agenda. This package includes my legislation to incentivize job-creating R&D activity in the United States to drive our innovation future and protect our national security. These critical R&D provisions will help America outcompete and out-innovate China.”
U.S. Senator John Barrasso (R-Wyoming)
Remarks on the Senate Floor: Barrasso Highlights a Record Year of Republican Accomplishments
“What do the tax cuts mean for hardworking families? Waiters, barbers, and bartenders will keep $1,300 more in their pockets next year because of no tax on tips. Nurses, firefighters, police officers, and coal miners will see $1,400 more in their paychecks next year because of no tax on overtime. Seniors will see more money in their bank accounts. There is a new $6,000 deduction on Social Security income.”
U.S. Senator Ron Johnson (R-Wisconsin)
Passing the Big Beautiful Bill
“By passing the One Big Beautiful Bill Act, we have avoided a $4 trillion automatic tax increase and a default on our debt. Due to the enormous messes Biden and congressional Democrats left us, we are also providing additional funding for border security and defense.”
U.S. Senator Marsha Blackburn (R-Tennessee)
Remarks on the Senate Floor: Blackburn Highlights Republicans’ Accomplishments in 2025
“In the last year, this administration, with President Trump and Republicans have been hard at work to make certain that we address the cost of living, that we address safety in our nation and around the globe, and to improve the quality of life. A stronger, freer, and safer country than ever before.”
U.S. Senator Roger Marshall (R-Kansas)
“But you know, first and foremost, farmers are businessmen and women, right? So, making these Trump tax cuts permanent, and I’m talking about bonus depreciation, and 199A – your listeners know exactly what I’m talking about – Those are very important.”
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