Senators endorse historic passage of One Big Beautiful Act
In a historic move, the One Big Beautiful Bill (OBBB) was passed by the Senate in 2025, marking the largest tax cut in American history. The bill aims to provide significant tax relief to families and workers, protect and create millions of jobs, and support various sectors through multiple provisions.
One of the key highlights of the OBBB is the investment of $12.5 billion towards modernizing the nation’s air traffic control system. This funding is expected to enable a modernized, state-of-the-art system, improving airspace safety and efficiency. The American Airlines, alongside Airlines for America, has expressed their support for this reform.
The bill also preserves the credit union not-for-profit tax status, avoiding new taxes on 142 million credit union members. This move supports credit unions' ability to offer competitive rates and services, helping consumers achieve financial freedom.
Agricultural organizations such as the American Soybean Association, National Cattlemen's Beef Association, and National Corn Growers Association are likely to benefit from the bill's broad tax relief, job creation, and infrastructure funding. These provisions are expected to support rural economies and improve supply chain infrastructure.
Industrial associations like the American Petroleum Institute, American Iron and Steel Institute, and National Mining Association are likely to benefit indirectly from the bill’s emphasis on tax cuts, infrastructure investment, and business-friendly policies. The bill also cuts green energy program funding, potentially favoring traditional energy and manufacturing sectors.
The American Federation for Children applauds the expansion of 529 education savings accounts and the promotion of educational freedom, empowering families and students to choose educational paths, including K-12 materials and postsecondary trade credentials.
Business-oriented groups such as the American Hotel & Lodging Association, National Small Business Association, and Job Creators Network benefit from the bill’s expansive tax cuts for small businesses, job protections, and credits like paid leave and child care, which can reduce operating costs and help retain workers.
Construction, equipment, and transportation industry groups like the Associated Builders and Contractors, Associated Equipment Distributors, and Association of Equipment Manufacturers are likely to benefit from the infrastructure funding and tax incentives, fueling demand for building and transportation projects.
The OBBB also includes welfare reforms and restrictions on programs like Obamacare and green energy funding. It promotes financial security and educational freedom, which may align with veterans’ economic interests, though direct provisions are not detailed.
In summary, the OBBB includes tax cuts, credits, and funding boosting air traffic control, preserving credit union tax status, expanding education savings, supporting small businesses, infrastructure, and key industrial and agricultural sectors. This comprehensive bill impacts a wide spectrum of industries and organizations by promoting economic growth and reforming financial and regulatory frameworks.
- The OBBB's investment in air traffic control modernization aims to create a safer and more efficient airspace system, garnering support from companies like American Airlines.
- By preserving the credit union not-for-profit tax status, the OBBB allows credit unions to maintain competitive rates and services, helping consumers strive for financial freedom.
- Agricultural associations stand to benefit from the OBBB's tax relief, job creation, and infrastructure funding, supporting rural economies and improving supply chain infrastructure.
- Industrial associations may benefit indirectly from the OBBB, as it emphasizes tax cuts, infrastructure investment, and business-friendly policies, potentially favoring traditional energy and manufacturing sectors.
- The American Federation for Children supports the expansion of 529 education savings accounts, advocating for educational freedom and empowering families to choose various educational paths.
- Business groups like the American Hotel & Lodging Association, National Small Business Association, and Job Creators Network welcome the OBBB's tax cuts for small businesses, job protections, and credits, which can help retain workers and reduce operating costs.
- Construction, equipment, and transportation industry groups could benefit from the OBBB's infrastructure funding and tax incentives, leading to increased demand for building and transportation projects.
- Some welfare reforms and restrictions on programs like Obamacare and green energy funding are included in the OBBB, promoting financial security and educational freedom, which may align with veterans' economic interests.
- Investors and wealth managers might find opportunities in the OBBB's changes to personal finance and tax policies, as well as the potential growth in various industries through infrastructure investments.
- The OBBB encourages investment in education and self-development, technology, and sports industries through education savings expansions and infrastructure funding, which may lead to innovations and advancements in these sectors.
