Cape News

In a recent address, Chairman Smith presented the "One, Big, Beautiful Bill Act," highlighting its potential impact on American families and businesses. The bill is positioned as a significant tax reform aimed at providing relief to working families, farmers, and small businesses across the United States.

Chairman Smith emphasized the concerns many Americans had before November regarding economic challenges. He criticized previous policies that he claims contributed to inflation and increased financial burdens on middle-class citizens. According to Smith, President Trump's commitment to "Make America Great Again" garnered support from 77 million Americans who voted for change.

The proposed legislation promises substantial tax cuts for households earning under $100,000 annually. It is projected that an average family of four could see an increase of nearly $11,000 in disposable income each year. Workers are expected to benefit from wage increases up to $7,200 annually. Specific examples include a waitress keeping an additional $1,300 in tips and a lineman earning an extra $1,400 for overtime work.

Smith contrasted Republican efforts with Democratic priorities by stating: "While Democrats defend illegal immigrants, fraudsters, and bureaucrats, Republicans are standing up for the American people." He noted commitments such as no taxes on tips or overtime pay and various forms of tax relief for seniors.

The bill also aims to enhance the Child Tax Credit and expand educational savings options. Support measures for adoption, paid leave, child care, and health care costs are included as well. Additionally, it seeks to create or protect over 7 million jobs by bolstering the manufacturing sector.

Emphasizing fiscal responsibility, Smith described the bill as delivering "the largest cut to mandatory spending in U.S. history." He stressed its focus on benefiting everyday workers without lobbyist representation in Washington.

The act targets communities visited by the Ways & Means Committee over two years and aims to restore fiscal discipline while ensuring government accountability.

Smith concluded with a call for action: "It’s about restoring sanity in a town that’s lost it... Let’s get this done."