Americans across the country are beginning to see the effects of President Donald J. Trump’s recently enacted “One Big Beautiful Bill,” which brings changes to tax policy, public programs, and federal spending priorities.
In Iowa, small business owners say the bill’s provision eliminating taxes on tips will benefit workers in the service industry. Crystal Blin, owner of 319 Social House in Independence, said: “More money in their pocket which will mean more money in the community.” Cora Krueger, assistant general manager at Denali’s on the River, added: “In the service industry too, you’re always constantly worried about what that end of the year number is going to be, and now with this we kind of have some relief with that.” Blin also noted: “The more money we can put in our employees pockets, that means that they can take those dollars and support our local community and surrounding communities.”
Seniors are set to receive a new tax deduction as part of the law. WENY-TV reported: “A new tax break is heading to seniors’ wallets. It comes in the form of a new deduction tucked into the ‘One, Big, Beautiful Bill Act,’ recently signed into law by President Donald Trump … Starting next year, the IRS is cutting many retirees a bit more slack. Under the new law, individuals age 65 and older can claim an additional $6,000 deduction—on top of the existing standard senior deduction. Married couples where both qualify? That’s a $12,000 tax break.”
Families with newborns will also see direct benefits through a one-time $1,000 deposit for each baby born between 2025 and 2027. According to KSTP-TV: “President Trump’s ‘big beautiful bill’ includes a new savings plan for children with a one-time deposit of $1,000 from the federal government for newborns … For new parents, it’s being called a ‘baby bonus.’ Every baby born this year, next year, and in 2027 will get the bonus, which parents can add to the account.”
Startup employees and founders could save millions due to expanded Qualified Small Business Stock (QSBS) benefits under provisions highlighted by The Charlotte Observer: “The new GOP budget legislation includes a massive win for startup employees and founders: dramatically expanded Qualified Small Business Stock (QSBS) benefits that could save qualifying investors from paying 28% capital gains taxes on millions of dollars in returns. The changes increase the maximum tax exclusion from $10 million to $15 million while allowing partial benefits after just three years instead of the current five-year minimum.”
Anduril Industries’ planned manufacturing plant in Ohio stands to gain from several billion dollars allocated toward border security under favorable policies included in this legislation.
Alaska officials believe investments from this bill will help secure its position within domestic energy production while maintaining environmental standards.
For Texas taxpayers—and others—the state and local tax (SALT) deduction cap increases significantly under this act before reverting back after five years.
Kansas City’s tech sector welcomed changes allowing businesses full expensing for research and development investments—a move praised by Kara Lowe of KC Tech Council as beneficial for innovation economies.
Homeowners benefit as well; WCAU-TV reports that mortgage interest deduction caps are made permanent at $750,000 ($375,000 for single filers), with higher SALT deductions available temporarily.
Healthcare accounts see reforms too. Starting January 2026 people enrolled in certain Affordable Care Act plans may contribute to Health Savings Accounts (HSAs), expanding eligibility for about 7.3 million Americans who lacked access previously.
Arkansas farmers expect increased reference prices used for federal support payments—long sought updates intended to provide greater financial stability amid fluctuating markets.
School voucher supporters note that donations toward scholarships now yield dollar-for-dollar federal tax credits—a move described as an unprecedented incentive compared with traditional charitable deductions.
Several U.S. Senators commented on how these measures affect their states directly:
Senator Marsha Blackburn said: “On Independence Day, President Trump made history. He signed into law the One Big Beautiful Bill—a once-in-a-generation victory that fulfills his promise to Make America Great Again. By providing the largest tax cut in our nation’s history… Tennessee households will save an average of $2,600 in taxes next year…” She also cited increased funding for border security and military investment among other features.
Senator Katie Britt stated: “There’s been a lot of national conversation about how transformational this bill is… Alabamians can expect to keep more of their hard-earned money because of this bill… We extended President Trump’s 2017 tax cuts… Alabama families were staring down an average of a $2,200 tax increase—we made sure that didn’t happen…”
Senator Mike Crapo highlighted spending reductions: “Responsibility to Idaho taxpayers: The law also achieves the most significant spending reductions in history by slashing Green New Deal spending… When combined with pro-growth elements… estimates [are] nearly $4.5 trillion in deficit reduction over ten years.”
Other members including Sen. Steve Daines emphasized economic growth and energy expansion; Sen. Deb Fischer underscored stopping major tax hikes while preserving prior reforms; Rep. Ken Calvert stressed protection for Social Security/Medicare; Rep. Jeff Crank described Medicaid protections; Rep. Randy Feenstra pointed out agricultural advantages such as raised death tax exemptions; Rep. Brett Guthrie addressed Medicaid eligibility improvements; Rep. Lisa McClain spoke on community investments; Rep Tom Tiffany cited child/family supports like higher Child Tax Credits and newborn accounts.
Local coverage notes expanded uses for educational savings plans like South Carolina's Future Scholar 529 Plan following passage (“the bill expands qualified uses for 529 funds”), enhanced farm program safety nets including improved crop insurance provisions targeting most funding toward core safety net programs such as PLC or ARC-CO (according to Agweek), permanent small business expensing rules nationwide (“marks a major win” per Startland News), HSA flexibility modernizations detailed by The Orange County Register (“modernizing how Americans can save for and manage health care expenses”), along with adjustments aimed at helping working families according to MageeNews.com (“significant tax relief delivered”).
Overall assessments point toward widespread impacts on households through increased deductions or credits across age groups—from children via direct accounts or Child Tax Credit raises—to seniors receiving larger deductions—while aiming at broader economic growth through regulatory reforms or infrastructure investments.
