Friday, July 4, 2025
Day 166
1 documented win
One Big Beautiful Bill signed
The win
On Independence Day Trump signed the One Big Beautiful Bill Act, permanently extending the 2017 individual tax rates that were set to expire, lifting the small-business deduction, and locking in the larger standard deduction.
For Americans
Without this law, a 2026 tax hike was already scheduled. A married couple keeps the 37% top rate instead of 39.6%, the bigger standard deduction, and a small shop keeps more of what it earns — money that shows up in a February refund, not a press release.