WASHINGTON, D.C. – After a marathon voting session in the Senate, the House has signed off on President Trump’s “One Big, Beautiful Bill,” which is now on its way to the Oval Office for the president’s signature. The Christian Employers Alliance (CEA) celebrates the victories that will result from this pro-growth tax bill, which directly benefits Christian-owned companies across America.
CEA highlights the top victories of the bill, which include permanent tax cuts for both individuals and corporations, the ability for individuals to deduct charitable contributions to religious organizations, tax credits and deductions for domestic production, and federal income tax exemptions for tips and overtime pay.
CEA President Margaret Iuculano says CEA appreciates the opportunity to support the bill and partner with the Trump administration to see it advance through Congress.
“We are grateful to have played a part in championing this legislation and working alongside the president to attain this victory,” said Iuculano. “This bill is a major win for America, as it will simplify the tax process and provide broad relief for millions of families and hardworking business owners who make up the backbone of our country.”
Iuculano reiterates that the benefits of the bill will be seen across the U.S. economy.
“This legislation provides needed relief and new opportunities for America’s job creators, community leaders, and faith-driven entrepreneurs,” stated Iuculano. “Not only will it promote job creation, but it will also encourage research and innovation, spurring long-term growth in the American marketplace.”
Additional provisions of the bill include:
- An increased pass-through deduction, raising the small business deduction from 20% to 23% for pass-through entities
- Larger estate tax exemptions for more family-run farms and Christian organizations
- Restored 100% bonus depreciation, giving companies the ability to grow and reinvest immediately
- Enhanced expensing of domestic research and development costs, fueling innovation
The president’s Council of Economic Advisers projects this bill could grow the U.S. economy by up to 5.2%, create or preserve 7.4 million full-time jobs, increase individual wages by $11,600, and boost investment by up to 14.5%.
CEA is proud to have been a strong and consistent advocate for these reforms on behalf of Christian business leaders across the nation.
Media inquiries: media@christianemployersalliance.org