WASHINGTON, D.C. – The One Big Beautiful Bill prevents what could have been the largest tax increase in history for working- and middle-class Americans. By permanently extending and expanding on the successful Tax Cuts and Jobs Act (TCJA), passed during President Trump’s first term, Senate Republicans are delivering on their promise to foster an environment of economic growth and increase affordability for American families.
“The One Big Beautiful Bill delivers the largest tax cut in history to hardworking people in West Virginia and across the country. That means that West Virginia families not only get to keep more of their hard-earned paychecks, but they will see their take-home pay increase by thousands of dollars. These tax cuts will also help small businesses grow and hire more people, leading to greater economic growth and more opportunity,” Senator Capito said.
West Virginia Wins:
What Others Are Saying:
“The One Big Beautiful Bill Act is a landmark victory for West Virginia’s small businesses. By making the Small Business Tax Deduction permanent, Congress delivered the certainty that Main Street needs, allowing small business owners to continue to create jobs, grow their business, and invest in their communities. With the One Big Beautiful Bill Act, Senator Capito along with both Chambers of Congress, have strengthened the foundation of our economy and provided a boost not just for small businesses, but a boost for the entire country,” Gil White, NFIB West Virginia State Director, said.
“Senator Capito has always been a champion and leader for West Virginia’s hospitality and tourism industry, which is an economic driver that employs thousands of West Virginia workers and welcomes millions of visitors to our great state annually. We are thankful for Senator Capito’s support of key provisions in the One Big, Beautiful Bill that will positively impact our restaurant, lodging, and tourism industry members. Important policies included in the bill – such as ‘no tax or tips’ and ‘no taxes on overtime,” full expensing of capital equipment purchases, qualified business income deductions, and permanent family and medical leave credits – provide much-needed benefits to hospitality and tourism employees and regulatory and tax certainty for small business owners that will allow tourism to continue as an economic powerhouse for West Virginia,” Richie Heath, Executive Director of the West Virginia Hospitality and Travel Association, said.
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