Statement by Secretary of the Treasury Scott Bessent on Introduction of the Senate’s One, Big, Beautiful Bill Text

WASHINGTON – U.S. Secretary of the Treasury Scott Bessent issued the following statement upon release of the Senate’s version of the One, Big, Beautiful Bill Act:“We applaud the Senate’s action to progress this critical legislation and expand upon President Trump’s tax relief for hardworking Americans. The One, Big, Beautiful Bill will protect families and small businesses from the largest tax hike in history and deliver No Tax on Tips, No Tax on Overtime, and new tax cuts for seniors. The bill will ensure the United States remains the premier destination for global capital, while protecting American companies and workers from foreign taxes.