Strong families make America stronger. That’s why Republicans put families first in crafting the One Big Beautiful Bill Act. We set out to make a law that supports parents and families and creates a brighter future for the next generation. I’m proud to say we’ve delivered a number of pro-family wins in this bill.
That begins with giving families some breathing room in their budgets. In 2017, Republicans’ Tax Cuts and Jobs Act lowered taxes for working families, but that tax relief was set to expire this year, meaning South Dakota families faced a $2,500 tax hike next year. We were determined not to let that happen. So the One Big Beautiful Bill Act locks in lower tax rates permanently, meaning families won’t have to worry about a bigger tax bill – not next year and not ever.
We went further than just making lower rates permanent. We made additional reforms that support working families, like increasing the child tax credit to $2,200 and linking it to inflation, which means it will increase over time. We strengthened measures that encourage employers to offer paid family leave and child care. And we created new investment accounts for newborns – with an initial $1,000 deposit – that can be used down the road for education, to start a business, or buy a first home and get a running start on the American Dream.
Raising a family is stressful (and expensive) enough, and this bill ensures that parents can keep more of their hard-earned money to spend, invest, and save how they see fit. Alongside lower taxes, this bill will also help generate growth in our economy, which will create jobs, expand opportunity, and lead to bigger paychecks. One estimate suggests a typical family will see take-home pay increase by as much as $10,900 in the next four years. That will make a big difference for working families across America.
I’m proud that along with pro-family policies in this bill, we’ve also achieved a significant pro-life victory. With the signing of this bill, and beginning on July 4, 2025, the biggest abortion providers in the country will not receive federal Medicaid funding for an entire year. Many Americans don’t want to see their tax dollars funding abortion, and this bill ensures they won’t. This is the first pro-life legislation to be signed into law in a number of years, and we’ll continue working on additional legislation to uphold the dignity of every human life.
This was a consequential bill, and I’m proud of what we accomplished to protect life, strengthen families, and create a brighter future for our children. The One Big Beautiful Bill Act is about stronger families, promoting a culture of life, and restoring the American Dream for our children. We have more work to do, and we’re going to keep our focus on these priorities.