{"id":96023,"date":"2025-07-04T22:47:05","date_gmt":"2025-07-04T22:47:05","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/loeffler-issues-statement-on-one-big-beautiful-bill-signing\/"},"modified":"2025-07-04T22:47:05","modified_gmt":"2025-07-04T22:47:05","slug":"loeffler-issues-statement-on-one-big-beautiful-bill-signing","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/loeffler-issues-statement-on-one-big-beautiful-bill-signing\/","title":{"rendered":"Loeffler Issues Statement on One Big Beautiful Bill Signing"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"justify\">WASHINGTON, July  04, 2025  (GLOBE NEWSWIRE) &#8212; Today, after President Donald J. Trump signed the One Big Beautiful Bill into law, Kelly Loeffler, Administrator of the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qA27kXY-0yng4ybG-k6uWdNVzIX4p7SnGbYhLAaCH14rYvX7uOE8xlXDtSSwZDyYqrLp9wSuhwIruykBwFY_dA-KnCxu1lTB1Tp47X6weCmu8Y53FMYRC4g9BIUpOpy3\" rel=\"nofollow\" target=\"_blank\" title=\"U.S. Small Business Administration\">U.S. Small Business Administration<\/a> (SBA), released the following statement:<\/p>\n<p align=\"justify\">\u201cThe One Big Beautiful Bill is a landmark victory for America\u2019s small businesses, and it cements President Trump\u2019s legacy as the greatest small business champion our country has ever known,\u201d <b>said Loeffler.<\/b> \u201cThese historic tax cuts lay the foundation for generational prosperity on Main Street \u2013 ushering in a new era of growth, hiring, investment, and opportunity for job creators. I applaud Congressional Republicans for their efforts to pass the One Big Beautiful Bill, and I thank President Trump for his visionary leadership and unwavering commitment to putting American workers and job creators first.\u201d<\/p>\n<p align=\"justify\">Administrator Loeffler has been one of the Trump Administration\u2019s most outspoken proponents of the One Big Beautiful Bill. Last month, she embarked on a national tour to tout its benefits alongside America\u2019s small business owners \u2013 traveling to Florida, Indiana, Kansas, Louisiana, Maine, and North Carolina. <\/p>\n<p align=\"justify\">In addition to delivering the largest tax cut in history for middle and working-class Americans \u2013 increasing annual take-home pay by at least $10,000 for most families &#8211; the One Big Beautiful Bill includes revolutionary reforms to end entitlement abuse, secure the border, stop the Green New Scam, and slash wasteful spending. It also includes numerous provisions that will directly empower small businesses and workers, including:<\/p>\n<ul>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Prevents the largest tax hike in history, <\/b>making the 2017 Trump Tax Cuts permanent and increasing the standard deduction for every American family.<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Makes the Small Business Tax Deduction Permanent,\u00a0<\/b>preserving the 199A 20% small business deduction, which will <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bhLZT3M4JCjQY3t84KTIsgPEX9Vaj_bUrNTSnS_rTofPcAFGfuSuL7nYgfmiBIsuqmGGkBPLyQb17wsgdSMdqHVEmivwQ7rpoxGbOtDRcMO2utqjh3k_VjQIVTDUDq89d4Q71KCdBhR6sv2dsqflEY-JcHI4UG3lXgxIYKqQCSb9rbFz7FNUzCbFIMnAFeRacLb5hu_ysqstnV2fKBkd3Q==\" rel=\"nofollow\" target=\"_blank\" title=\"generate\">generate<\/a> $750 billion in economic growth and create over 1 million new Main Street jobs. Without the One Big Beautiful Bill, 26 million small businesses would have seen their top tax rate <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=weRy72GQ7-zTn4O0jVbtBLrmgP0S_JuLVfjHkDlvw1USGuiDRELS_ZwTvov_hHue32ghEmz__f2UTHuPY2jGVRV7CeXgnte0NPMBaaJ_bHOL_huhA1pznJjRChkEj6ejElHaqScBFA_tSJdkopMFZV7dRmsi6STZHu1-r0_KUhJT4h9N7rKTalIwrtcwS1Jy-9MOUNP8MKA3s7DYZ7ZLCw3E2oDmkqljOa1UOLdWmbQ=\" rel=\"nofollow\" target=\"_blank\" title=\"double\">double<\/a> to 43%.<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Supports the return of Made in America<\/b> by allowing 100 percent expensing for new factories, factory improvements, equipment, and research and development.<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Ends the war on the gig economy<\/b> by removing the requirement that Venmo, PayPal, and other gig transactions over $600 be reported to the IRS.<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Protects family farmers<\/b> by preventing the death tax from hitting 2 million family-owned farms who would otherwise see their exemptions cut in half.<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Cuts taxes on seniors, tips, and overtime<\/b>, saving tipped and overtime workers up to $1,750 per year.<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Protects Medicaid for working Americans<\/b>, by ending benefits for at least 1.4 million illegal immigrants who are gaming the system.<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Increases the child tax credit\u00a0<\/b>to $2,200 per family.<\/li>\n<\/ul>\n<p align=\"center\"><i># # #<\/i><\/p>\n<p><b>About the U.S. Small Business Administration<\/b><\/p>\n<p align=\"justify\">The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Y-mCxWdfEwp4dBD3OhhNu_SsrvywpmYADBQt9X8xlKbFrGvTotKPhU_2EE5hL8UwoiYJt1OUEBkdxsmlagyoMw==\" rel=\"nofollow\" target=\"_blank\" title=\"www.sba.gov\">www.sba.gov<\/a>. <\/p>\n<pre\/>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, July 04, 2025 (GLOBE NEWSWIRE) &#8212; Today, after President Donald J. Trump signed the One Big Beautiful Bill into law, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), released the following statement: \u201cThe One Big Beautiful Bill is a landmark victory for America\u2019s small businesses, and it cements President Trump\u2019s legacy as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":96024,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/ef81ac04-36a6-484a-9a92-f9e861315a4e","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-96023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/96023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=96023"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/96023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/96024"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=96023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=96023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=96023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}