Díaz-Balart: President Trump’s One Big Beautiful Bill Will Boost Economic Growth and Reduce Taxes for American Families

WASHINGTON, D.C. – House Appropriations Vice Chairman Mario Díaz-Balart (FL-26) issued the following statement after the U.S. House of Representatives passed the historic H.R. 1, President Trump’s “One Big Beautiful Bill”:

 “I am proud to have voted with my House Republican colleagues to send President Trump’s America First bill, the “One Big Beautiful Bill,” to his desk to be signed into law. This signature domestic policy legislation will deliver on President Trump's Peace Through Strength agenda and restore American deterrence, secure historic savings, lead to higher economic growth, unleash domestic energy, secure the border, and avoid the largest tax hikes to American families and small businesses in U.S. history.”

This legislation directly benefits taxpayers in Florida’s 26^th Congressional District by making President Trump’s successful 2017 Tax Cuts and Jobs Act (TCJA) permanent. Without the TCJA, the average taxpayer in Florida’s 26^th District would have seen a 24% tax hike by the end of 2025. It protects 21,000 manufacturing jobs and 75,220 small businesses from these tax hikes, while supporting job creation, higher wages, and innovation. This bill will continue further investments into Opportunity Zones created under the TCJA that bolster our communities, bringing new and increased economic investment into traditionally underserved areas through the OBBB. In Miami-Dade County alone, 67 Opportunity Zones have flourished under this direct investment and across FL-26 in Hialeah, Hialeah Gardens, and Miami Springs. 

Additionally, this legislation will stop the flow of deadly fentanyl and other illegal narcotics from entering our communities by making direct investments to secure our border. It will also reverse the Biden Administration’s burdensome energy policies, unleashing American energy dominance and independence. This bill supports pro-family initiatives by increasing the Child Tax Credit by $500 up to $2200. It provides greater support for paid leave and childcare by quadrupling the maximum Employer-Provided Childcare Credit and adds additional relief for small businesses providing childcare, all while simultaneously strengthening the Paid Family and Medical Leave Credit from the 2017 TCJA. The bill enhances the adoption tax credit, taking into consideration the toll Bidenflation placed on families wishing to adopt and making it more usable for American families. Our seniors will receive historic relief, with a $6,000 deduction, a deduction that will exceed the taxable Social Security income of any senior who receives the current average retirement benefit. 

This historic tax relief not only guarantees deductions but ensures that taxpayers, especially working families, can keep more of their hard-earned money. Thank you for your attention to this matter!” 

###

For additional information on how the One Big Beautiful Bill will benefit American families, see below:

• Delivers on President Trump’s promises for No Tax on Tips, No Tax on Overtime, Additional Tax Relief for Seniors, and No Tax on Car Loan Interest.
• Carries out President Trump’s visionary Peace Through Strength mission.
  • $150B investment in our national security will restore American deterrence and build the ready, capable, and lethal fighting force President Trump promised.
  • Jump-starts the Golden Dome initiative by investing $25 billion
  • Grows the U.S. Navy for the first time in years, investing $29 billion to revitalize shipbuilding in our nation.
  • Improves quality of life for our troops with $9 billion in funding to increase allowances and special pays, and to upgrade aging, moldy barracks.
• Makes President Trump’s 2017 pro-family tax cuts PERMANENT.
  • The lower tax rates stop a $1,700 tax increase on American families.
  • Prevents a scheduled $15,000 cut in the Standard Deduction for families.
  • The doubled Child Tax Credit (CTC) stops a $1,000 per child reduction in the CTC.
  •  In fact, the One Big Beautiful Bill Act supports American families recovering from Bidenflation by increasing the CTC by $500 and indexes the CTC amount for inflation moving forward.
• Increases access to the Adoption Tax Credit.
  • Makes the credit more usable for all families, opening up more homes to the joys of adoption and championing the sanctity of life.
• Builds on the Trump Tax Cuts’ incentives for Paid Leave and Childcare.
  • Strengthens the Paid Family and Medical Leave Credit from the Trump Tax Cuts.
  • Quadruples the maximum Employer-Provided Childcare Credit and adds additional relief for small businesses providing childcare.
• Lowers the cost of health care.
  • Expands Health Savings Accounts for Americans to take control of their health care.
  • Codifies Trump Individual Coverage Health Reimbursement Arrangements, increasing coverage options for 350,000 individuals.
• Tax relief for seniors.
  • Middle- and low-income seniors will be able to deduct an additional $6,000.
• Secures Our Border with $175 billion to:
  • Hire and train 3,000 new Border Patrol agents
  • Hire and train 5,000 new Customs Officers
  • Allow for the completion of 701 miles of primary wall and the construction of 900 miles of river barriers.
  • $6B to help CBP interdict more fentanyl, deploy more border surveillance technology, and more.
• Securing Our Skies with $12.5 billion for Air Traffic Control modernization.