Cape News

Rep. Jason Smith, who has served in the U.S. Congress representing Missouri's 8th District since 2013, recently shared insights on legislative developments through a series of tweets. Smith, born in St. Louis and currently residing in Salem, highlighted the implications of "The One, Big, Beautiful Bill" for various sectors.

On July 3, 2025, Smith noted that "The agricultural industry utilizes one-fifth of all Small Business Expensing deductions across the American economy." He further explained that the bill increases the section 179 Small Business Expensing threshold to $2.5 million.

Later that day, he tweeted about another provision of the bill: "The One, Big, Beautiful Bill provides immediate expensing for new manufacturing and production structures in America." According to Smith, this measure aims to enhance cost recovery for new agricultural and farm investments in rural areas.

In a subsequent tweet on July 3rd, Smith emphasized how "The One, Big, Beautiful Bill puts Fly Over States first by protecting rural America’s ability to help deliver fuels for America." He also mentioned efforts to lower borrowing costs for farmers and make the 2017 Trump tax cuts permanent.

As a background on Rep. Jason Smith: he was born in 1980 and graduated from the University of Missouri with a BS in 2001. He earned his JD from Oklahoma City University in 2004 before embarking on his political career in Missouri's House of Representatives from 2005 until his election to Congress.