Mike Kennedy: “today, I rise to recognize some of the impacts the One Big Beautiful Bill Act will have on my State. By passing the One…”

“today, I rise to recognize some of the impacts the One Big Beautiful Bill Act will have on my State. By passing the One Big Beautiful Bill Act, the House Republican majority kept its promise to preserve the 2017 tax cuts and provided further relief for American families. The White House's Council of Economic Advisers estimates the bill will raise Utah wages between $4,300 and $7,700 over the next 4 years, putting more money in the pockets of our hardworking Americans. Typical families with two children can also expect to see higher take-home pay in the range of $7,900 to $11,400. Utah is one of the fastest-growing States in the Nation and has the highest average household size. The One Big Beautiful Bill Act increases the child tax credit to $2,200, which will help our Utah families as they continue to grow. Without the bill's passage, the child tax credit would have dropped to just $1,000 per child. I am glad this bill invests in the future of our families, not just in Utah but all over the country. The One Big Beautiful Bill Act also helps hardworking Americans by cutting taxes on overtime pay. Around 22 percent of all employees in Utah regularly work overtime and could benefit from this tax break. The bill also cuts taxes on tips. Whether you are a waitress earning tips or a nurse working overtime, this legislation will make sure that your hard-earned money stays where it belongs: in your pocket.”