House Passes Historic H.R. 1, "One Big Beautiful Bill," with Major Wins for Taxpayers in Florida's 26th Congressional District

Strategic Insights -

The U.S. House of Representatives has passed the historic H.R. 1, President Trump's "One Big Beautiful Bill," a signature domestic policy legislation that will deliver on President Trump's Peace Through Strength agenda and restore American deterrence. The bill will also secure historic savings, lead to higher economic growth, unleash domestic energy, secure the border, and avoid the largest tax hikes to American families and small businesses in U.S. history. This legislation directly benefits taxpayers in Florida's 26th Congressional District by making President Trump's successful 2017 Tax Cuts and Jobs Act (TCJA) permanent.

Key Takeaways:

  • The "One Big Beautiful Bill" will deliver on President Trump's Peace Through Strength agenda and restore American deterrence, with a $150B investment in national security.
  • The bill will make President Trump's 2017 Tax Cuts and Jobs Act (TCJA) permanent, protecting 21,000 manufacturing jobs and 75,220 small businesses from tax hikes.
  • The average taxpayer in Florida's 26thDistrict would have seen a 24% tax hike by the end of 2025 without the TCJA.
  • The bill will increase the Child Tax Credit by $500 up to $2200, supporting pro-family initiatives.
  • It will quadruple the maximum Employer-Provided Childcare Credit and add additional relief for small businesses providing childcare.
  • The bill will stop the flow of deadly fentanyl and other illegal narcotics from entering our communities by making direct investments to secure our border.
  • It will reverse the Biden Administration's burdensome energy policies, unleashing American energy dominance and independence.
  • The bill will increase the Adoption Tax Credit, making it more usable for American families.
  • It will provide historic relief to seniors with a $6,000 deduction, exceeding the taxable Social Security income of any senior who receives the current average retirement benefit.

Statistics:

  • $150B investment in national security to restore American deterrence
  • 21,000 manufacturing jobs protected from tax hikes
  • 75,220 small businesses protected from tax hikes
  • 24% tax hike avoided by taxpayers in Florida's 26th District without the TCJA
  • $500 increase in the Child Tax Credit
  • $2200 maximum value for the Child Tax Credit
  • $1,700 tax increase on American families avoided with the TCJA
  • 67 Opportunity Zones in Miami-Dade County, Florida, that have flourished under this direct investment

Sources:

  • U.S. House of Representatives -- Congressman Mario Diaz-Balart (25th District of FLORIDA)
  • United States House of Representatives
  • President Trump's "One Big Beautiful Bill"
  • 2017 Tax Cuts and Jobs Act (TCJA)
  • Opportunity Zones