by Ethan Faverino | Jul 8, 2025 | Economy, News
By Ethan Faverino |
President Donald Trump’s One Big Beautiful Bill, supported by all Arizona’s Republican representatives, was signed on Friday, July 4th. The bill provides the largest tax relief in American history.
Among the bill’s most impactful provisions are no tax on tips, no tax on overtime, and no tax on Social Security benefits.
These policies are designed to put more money back into the pockets of the hard-working American people.
The “No Tax on Tips” provision offers a new deduction of up to $25,000 for workers in tipped industries. Whether tips are received in cash, by charge, or through tip-sharing arrangements, employees will keep more of their hard-earned income.
This measure is expected to save tipped workers nearly $2,000 annually, providing direct financial relief to millions of Americans in these critical industries.
The bill also eliminates taxes on overtime pay. This guarantees that workers who put in extra hours are rewarded greatly with bigger paychecks. This, as well, could also save Americans on average $2,000 a year.
According to a new study from the Council of Economic Advisers, 88% (48 million) of American seniors receiving Social Security will pay no taxes on their Social Security income.
For a single senior receiving the average retirement of $24,000 annually, deductions will exceed their taxable Social Security income. Similarly, married seniors with a combined Social Security income of $48,000 will also see their deductions surpass taxable income.
The One Big Beautiful Bill also delivers an average 15% tax cut for Americans earning between $15,000 and $80,000, significantly boosting take-home pay.
For a typical family with two children, this translates to an increase of up to $10,900 per year in after-tax income. The bill also boosts the standard tax deduction, raising it to $23,625 for married couples and $15,750 for singles, a benefit utilized by 91% of taxpayers.
According to the Council of Economic Advisers, the One Big Beautiful Bill will drive significant growth and fiscal stability. This includes:
- Real wages increasing by up to $7,200 per year
- Real Investment growing by as much as 10%
- Creation of protection of 7 million jobs
- Deficit reduction of up to $11.1 trillion, driven by $5.2 trillion from economic growth, $2.8 trillion from tariff revenue, $1.6 trillion from discretionary spending cuts, and $1.5 trillion from interest savings.
Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.
by Ethan Faverino | Jul 4, 2025 | Economy, News
By Ethan Faverino |
Congressmen Abraham Hamadeh and Andy Biggs proudly cast their votes on Wednesday, in favor of the One Big Beautiful Bill, pushed by President Donald Trump.
Congressman Andy Biggs credited the collaboration “between President Trump and the Freedom Caucus for pushing the One Big Beautiful Bill over the finish line.
“I’m honored to stand with my great Freedom Caucus colleagues as we work in lockstep with President Trump,” said Biggs on X.
“Today, I proudly voted for the agenda that my constituents voted for when they sent me to Congress – the America First agenda. The agenda laid out by President Donald Trump during his historic, successful run to return to the White House,” stated Hamadeh. “The One Big Beautiful Bill delivers the largest tax cut for middle- and working-class Americans in history and secures increases in paychecks and take-home pay for the hardworking families in Arizona’s 8th Congressional District.”
The One Big Beautiful Bill is a foundation of President Trump’s economic vision, providing what supporters say are “significant benefits to American workers, seniors, and rural communities.”
Major elements of the bill include:
- Historic tax relief with an average of a 15% tax cut for Americans earning between $15,000 and $80,000, with no tax on tips, overtime, or Social Security benefits for seniors.
- Increased Standard Deduction, which raises to $23,625 for married couples and $15,750 for singles, boosting take-home pay over $10,000 annually for a typical family.
- Support for retirees (65+) by introducing a new tax deduction ensuring the average Social Security beneficiary pays zero taxes on their benefits, with relief phased out only at high incomes.
- Protection for social programs, like Medicaid and Medicare benefits, by maintaining full funding. Also, strengthening Medicaid for Americans with disabilities and implementing measures to eliminate fraud in Medicaid and SNAP programs.
- Investment in rural communities by expanding market access and providing historic support for farm families.
- Advancement of President Trump’s national security agenda, Peace Through Strength, by reinforcing America’s global leadership.
Congressman Hamadeh, a first-generation American and former U.S. Army Reserve Captain, highlighted the bill’s significance in countering economic challenges and misinformation. “For months, Americans have been bombarded with fake news accounts that stirred fear and anger and stoked resentment as part of the Democrats’ war on Capitalism,” he said. “Today, my Republican colleagues and I were able to ignore the noise bought and paid for by Green New Deal corporatists and hear the voices of the American workers.”
The One Big Beautiful Bill has gained significant attention for its bold approach to economic reform. Hamadeh’s vote reflects his commitment to addressing the soaring inflation and border security concerns that he identified as critical issues for Arizona’s 8th District during his 2024 campaign.
Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.
