Tax Relief on the Horizon: How the One Big Beautiful Bill Delivers for Everyday Americans

(Substack)—President Donald Trump put his signature on the One Big Beautiful Bill Act back in July, reshaping federal tax policy in ways that echo the successes of the 2017 Tax Cuts and Jobs Act. This sweeping legislation stands as a bulwark against impending tax hikes that would have hit two-thirds of filers in 2026, while extending critical breaks to individuals and businesses alike.

Features like the $15,000 standard deduction and $2,000 Child Tax Credit are now locked in, benefiting families across income levels. At a time when Americans are nickel-and-dimed on nearly everything, they can take solace in the fact that they will receive a smaller tax bill in the coming years.

A detailed breakdown from the Tax Foundation highlights just how substantial these savings could be. Come 2026, the average taxpayer stands to pocket $3,752 in cuts, a figure that dips to $2,505 by 2030 before climbing back to $3,301 in 2035 due to inflation adjustments. This isn’t limited to red states—residents in blue strongholds like Massachusetts could see averages around $5,139, while Wyoming leads the pack at $5,375. Even in lower-benefit areas like West Virginia ($2,503) and Mississippi ($2,401), the relief is tangible.

Zooming in locally, affluent resort counties reap the biggest rewards: Teton County, Wyoming, tops out at a staggering $37,373 per filer, with Pitkin County, Colorado ($21,363), and Summit County, Utah ($14,537) not far behind. Rural spots, such as Loup County, Nebraska, get more modest help at $824 on average. Beyond individual pockets, the broader economic ripple is promising—the bill is forecasted to generate 938,000 full-time jobs long-term, from 1,700 in Vermont to 132,000 in California.

The legislation builds on proven conservative principles by making permanent key elements of the TCJA, including reduced income tax rates across brackets, a 20% deduction for qualified business income, and caps on home mortgage interest deductions at $750,000. It also introduces temporary measures expiring in 2030, such as quadrupling the state and local tax (SALT) deduction to $40,000, a $6,000 senior deduction, and exclusions for tips and overtime pay (capped at $25,000 and $12,500 for singles, respectively).

Businesses gain from full expensing on capital investments, expanded interest deductions, and immediate R&D write-offs. These moves align with the Laffer Curve’s timeless wisdom: lower rates fuel growth and boost revenues, as seen when post-TCJA collections surged $500 billion above projections.

Yet, no discussion of tax policy is complete without addressing Washington’s spending addiction. The Congressional Budget Office pegs the bill’s cost at $4.1 trillion added to the debt over a decade, plus $789 billion in interest, totaling nearly $5 trillion. With the national debt eclipsing $37 trillion—and eyeing $50 trillion by 2034—fiscal restraint is urgent. Past CBO forecasts have overstated costs, but the reality of unchecked borrowing demands action. With so much red ink flooding the nation, a chorus of conservative and liberal economists agrees that the last thing the country needs is tariff-funded rebate checks for American families.

Conservatives know tax cuts work when paired with spending discipline. The One Big Beautiful Bill proves that point, supercharging the Trump economy while averting cliffs from expiring provisions. As revenues hit records, the focus must shift to slashing waste—think bloated bureaucracies and endless foreign aid—to secure prosperity without saddling future generations. This isn’t just relief; it’s a step toward reclaiming fiscal sanity.