Without immediate action by Congress, this essential tax deduction was set to expire at the end of the year, raising taxes on millions of small businesses. The One Big Beautiful Bill Act provides permanent tax relief, freeing America's small businesses to invest in their businesses and employees.

The Republican Party, also known as the Grand Old Party (GOP), is a right-wing political party in the United States. One of the two major parties, it emerged as the main rival of the then-dominant Democratic Party in the 1850s, and the two parties have dominated American politics since then.

A bill must pass both bodies in the same form before it can be presented to the President for signature into law.