[Congressional Record Volume 171, Number 130 (Tuesday, July 29, 2025)]
[Senate]
[Page S4786]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                       One Big Beautiful Bill Act

  Mr. BARRASSO. Madam President, Republicans came to the Senate with a 
clear mandate. That was 7 months ago. Our job as a majority was to get 
America back on track. We made that commitment, and we are following 
through on it. We are keeping that commitment. America is stronger; 
America is safer; and America is more prosperous than it was 7 months 
ago. Not since Ronald Reagan reversed the failures of Jimmy Carter have 
we seen such a dramatic turnaround.
  Earlier this month, Republicans passed our comprehensive legislative 
agenda. President Trump calls it the One Big Beautiful Bill. It is now 
the law of the land. It delivers to the voters of this country what the 
voters sent Republicans here to do.
  First, Republicans stopped a $4 trillion tax increase--the largest 
tax increase in American history. Every single Democrat in this Chamber 
voted to raise taxes by $4 trillion. Had Democrats succeeded, working 
families would have paid over $1,700 more in taxes just next year. 
Small businesses would have seen their taxes go up quite a bit. The 
families of farmers and ranchers would have paid a much higher death 
tax. On all of these things, Republicans stopped the Democrats. 
Instead, we delivered a working-class tax cut. We cut taxes on tips, 
taxes on Social Security, taxes on overtime. No taxes on tips puts 
about $1,300 back into the pockets of waiters, barbers, and bartenders. 
No taxes on overtime puts about $1,400 more back into the pockets of 
nurses, firefighters, and police officers. No taxes on Social Security 
puts more money into the pockets of seniors through a larger deduction.
  Thanks to Senator Katie Britt of Alabama, Republicans modernized tax 
credits for childcare. It was the first update in 25 years. This helps 
make daycare more affordable for hard-working moms and dads. Moreover, 
Republicans expanded child tax credits. Parents receive $2,200 each 
year for each child. Well, that helps pay for rent, food, and school 
supplies.
  Thanks to Senator Ted Cruz of Texas, Republicans created a $1,000 
savings account for every newborn American citizen. Now an American 
child born today could have tens of thousands of dollars waiting for 
them when they turn 18. This could be a downpayment on the American 
dream. If you wish to go to college, to own a home, or to start a 
business, all of these things are now much more realistic.