Press Releases

Congressman Nathaniel Moran (R-TX-01) released the following statement after the House passed the final version of the “One, Big, Beautiful Bill” sending it to President Trump’s desk:

“Today, we renewed our commitment to the American people: to the families working hard to make ends meet, to the small businesses striving to grow, and to the next generation who deserve to inherit a stronger, freer nation.

With the final passage of the One, Big, Beautiful Bill, we are charting a bold course of individual prosperity and economic growth. One that lowers taxes, empowers families, strengthens rural communities, and reignites the engines of American industry. Failing to pass this bill would result in the largest tax increase in American history, and that’s not acceptable to me.

This bill isn’t about Washington. It’s about the welder, lineman, teacher, small business owner, farmer, and every other hardworking East Texan. It’s about making sure they get to keep more of what they earn so they and their families can realize the American Dream with less interference from the federal government. 

Like any major legislation, this bill is not perfect. But the outcome is a clear win for the American people. It reflects our belief that personal prosperity should never be punished; that government should never stand in the way of grit and hard work; and that the American Dream must remain within reach for every citizen, no matter their zip code.”

Background on the “One, Big, Beautiful Bill”: 

For Small Businesses:

·    Makes permanent the 199A small business deduction, supporting over 30 million small businesses and generating $284 billion in additional manufacturing-based economic growth

·    Reinstates immediate expensing for R&D, making it easier for businesses to invest in research practices that will make America dominant again

·    Revitalizes American manufacturing by allowing 100% immediate expensing for new factories, equipment, and facility improvements

·    Doubles the Small Business Expensing threshold to $2.5 million, allowing greater breathing room for small businesses so they can invest more in their employees

·    Reduces administrative burdens by repealing the Democrats’ $600 1099-K gig worker rule, and re-setting it to $2,000 threshold

For Families:

·    Expands tax relief for families and seniors, including: no tax on tips, no tax on car loan interest, tax relief for those working overtime, and additional tax relief for seniors

·    Expands the enhanced standard deduction and increases the Child Tax Credit for over 40 million families

·    Empowers working families through permanent paid leave tax credits, expanded childcare access, and new savings accounts for every child at birth

·    Increases access to the Adoption Tax Credit for those families looking to change the lives of our little ones through the gift of adoption

For Rural America:

·    Protects family farms and rural small businesses by making the doubled Death Tax exemption permanent

·    Revives and expands Opportunity Zones to bring $100 billion in investment to rural and distressed communities

·    Unleashes rural growth with 100% expensing for new factories, agricultural improvements, and equipment—empowering producers to expand and invest

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