Senate Finance Committee

News and information from the press office of Senate Finance Committee Chairman @MikeCrapo of Idaho

[Rapid Response 47 @RapidResponse47]

.@SecScottBessent on the impact of @POTUS' tax cut: If you bought a Macbook for your business, if you bought filing cabinets, if you are a big company and built a new assembly line—it's 100%, immediate deductibility.

44% of the tax returns we got had one of @POTUS' signature policies: No Tax on Tips, Overtime, Social Security.

[Senate Finance Committee @SenFinance]

The success of the Working Families @TaxCuts isn’t just visible through good labor statistics and stock charts. You can see it in the many stories of businesses making new products and offering their employees better benefits thanks to the law.

[The NAM @ShopFloorNAM]

Thanks to the Working Families Tax Cuts, flexible plastic films maker i2M has enjoyed a year of incredible success—with much more to come. Read the NAM's interview with i2M's CEO on how the 2025 tax law has “created an extraordinarily favorable environment for U.S. manufacturers.” #ManufacturingWins @TaxCuts
https://t.co/OTThGr5wv2

[Rapid Response 47 @RapidResponse47]

.@POTUS: "In the American Revolution, they had a saying, “No Tax on Tea'—but with the Great Big Beautiful Bill, we did even better: we gave you No Tax on Tips, No Tax on Overtime, and NO Tax on Social Security for our great seniors.... Our country is strong again, our country is wealthy again, and our country is safe again!"

[Kelly Loeffler @SBA_Kelly]

Nearly one year later, the Working Family Tax Cuts have put the American economy in growth mode:

✅ $82 billion in tax relief

✅ 35+ million workers benefited from No Tax on Tips or Overtime

✅ GDP revised UP thanks to historic taxpayer savings & growth incentives

[Senator Mike Crapo @MikeCrapo]

WATCH: Senate Finance Hearing to Consider International Trade Commission Nominees https://t.co/lSioPszMsi

[Senator Mike Crapo @MikeCrapo]

WATCH: Senate Finance Subcommittee Hearing on the Future of Social Security https://t.co/jL0FEtdcaL

[Sen. John Barrasso @SenJohnBarrasso]

Rural Americans deserve access to local care that is affordable, reliable, & high quality.

Since Obamacare became law, over 100 rural hospitals have closed. Rural America deserves a better approach.

That’s why Republicans passed the $50 billion Rural Health Transformation Fund.

[Senate Finance Committee @SenFinance]

The Working Families @TaxCuts are full of pro-family policies that are delivering the American Dream to another generation. Don’t just take our word for it:

[Rapid Response 47 @RapidResponse47]

WATCH: Sergeant Sam Elias with the Bethlehem, PA Police Department speaks on how @POTUS' tax cut has benefitted his family:

"As a father of 6 children in a single income household, I can tell you, the Working Families Tax Cuts is a policy that helps my family... for my family, these savings have translated to what was once a day trip to the park is now an overnight stay at the Jersey Shore."

[Sen. Grassley Press @GrassleyPress]

🚨 $90+ MILLION is heading to Iowa to improve hometown hospitals and expand access to lifesaving care!

This historic funding is a direct result of @SenateGOP's Working Families @TaxCuts Act, which Sen. @ChuckGrassley and the entire Iowa congressional delegation supported. ⤵️
https://t.co/QLoZOyvFpJ

[Leader John Thune @LeaderJohnThune]

Next week, we’ll be celebrating the one-year anniversary of President Trump signing the Working Families @TaxCuts.

Republicans continue our efforts to deliver safe streets, more money in your pocket, and new opportunities to get ahead.

[Senate Finance Committee @SenFinance]

By encouraging job creation and making housing more affordable, the Working Families @TaxCuts are reviving the American Dream in the communities that need it most.

[Department of Housing and Urban Development @HUDgov]

“About 400,000 units of new housing have been built in Opportunity Zones thus far, which created 500,000 new jobs.” - @SecretaryTurner

[Senate Republicans @SenateGOP]

Democrats talk about affordability.

But every single one of them voted to raise taxes on working Americans.

[Senate Finance Committee @SenFinance]

@LeaderJohnThune: “The Working Families @TaxCuts also delivered meaningful pro-growth tax reforms for America’s small businesses, farms and ranches, enabling them to invest more in their operations and their employees.”

[Leader John Thune @LeaderJohnThune]

For nearly a year now, the American people have been seeing the benefits of the Working Families @TaxCuts.

A more secure border, a stronger military, bigger tax refunds, support for farmers and ranchers, and a lifeline for struggling rural health care providers.

[Senator Pete Ricketts @SenatorRicketts]

The Working Families Tax Cuts are an investment in American families. Here's what @SenateGOP did:

- Expanded the Child Tax Credit to $2,200 a kid
- Increased the Child and Dependent Tax Credit from 25% to 50%
- Provided a tax deduction from $5,000 to up to $7,500 for dependent care.

These are real investments that allow Nebraskan families to keep more of their hard-earned money.

[Senate Finance Committee @SenFinance]

https://t.co/NtvL9NiHV8

[Senate Finance Committee @SenFinance]

HEARING: Chairman @MikeCrapo announced the Committee will convene to consider nominations for the International Trade Commission.
Date: Thursday, June 25
Time: 10:00 AM ET
Location: 215 Dirksen

[Senate Finance Committee @SenFinance]

The nominees are:
-Brett Doyle
-David Foley, Jr.
-Samuel Negatu
-Peter-Anthony Pappas
-Bartholomew Thanhauser

[Kelly Loeffler @SBA_Kelly]

America is building again as small businesses and families take advantage of savings from Working Family Tax Cuts. Great to see the residential homes going up in Orlando – and to hear from the local contractors who are taking on new projects that will benefit families across the region.

[Senate Republicans @SenateGOP]

Americans making less than $100K per year reaped the benefits of our Working Families @TaxCuts.

[Senate Finance Committee @SenFinance]

CEO Joaquin Duato: “We have the best investment environment and, very importantly, we have now the tax policy enacted with this administration that has enabled us to be competitive.”

[FOX Business @FoxBusiness]

Johnson & Johnson CEO credits Trump tax policy for $55B US investment push, including $1B in Florida https://t.co/FIeh6bXsMZ