Cape News

Rep. Jason Smith, currently serving in the U.S. Congress representing Missouri’s 8th district, shared insights on "The One, Big, Beautiful Bill" through a series of tweets on July 9, 2025. The bill appears to address various economic and tax-related issues.In his first tweet

"Thanks to The One, Big, Beautiful Bill, President Trump has stopped the Democrats’ attack on the gig economy by repealing their 1099-K gig worker rule that would have required Venmo, PayPal, and gig transactions over $600 be reported to the IRS." posted at 21:00 UTC on July 9th. Rep. Smith highlights how this legislation prevents new reporting requirements for small-scale transactions made via platforms like Venmo and PayPal.An hour later at 22:00 UTC on July 9th, he tweeted

"The One, Big, Beautiful Bill cuts the paperwork burden for small businesses and workers by increasing the 1099-MISC threshold to $2,000, which is the first change in decades." This indicates an effort to reduce administrative tasks for businesses by raising income reporting thresholds.At 23:00 UTC on July 9th Rep. Smith further elaborated with another tweet

"The One, Big, Beautiful Bill is pro-farmer. It increases and makes permanent the doubled Death Tax Exemption for 2 million family-owned farms." emphasizing support for agricultural stakeholders through tax relief measures.Born in St Louis in 1980 and now residing in Salem at age 42, Jason Smith has been active in politics since his time in the Missouri House of Representatives from 2005 to 2013 before succeeding Jo Ann Emerson in Congress. He holds degrees from both the University of Missouri and Oklahoma City University.