Supporting the Big, Beautiful Bill

Floor Speech

BREAK IN TRANSCRIPT

Mrs. FEDORCHAK. Mr. Speaker, I appreciate the leadership of both Mr. Moore and Mr. Arrington. Both of them are great mentors to me as a new Member. I hope I can aspire to be as strong as they are someday.

Working-class families, seniors on fixed incomes, farmers growing our food, restaurant waitresses working double shifts, law enforcement officers putting in overtime, manufacturers keeping the lights on, and border communities shouldering a burden Washington created are who the one big, beautiful bill is going to help.

Who are these people? These aren't the millionaires and billionaires. These are everyday Americans. Despite what we hear from the Democrats and the media over and over again, this bill isn't tax cuts for the rich. It is not about eliminating healthcare for people who need it.

This big, beautiful bill is pro-family, pro-business and workers, pro-American energy and agriculture, pro-border and national security. Above all, it is pro-growth and pro-common sense.

Let me spend a few minutes talking about what that all means. Let's talk first about pro-family. My husband, Mike, and I have three children. Raising a family is one of life's greatest blessings and biggest responsibilities. Government should not make it even harder.

That is why the tax relief is a top priority for Republicans in Washington and is the centerpiece of the one big, beautiful bill. This bill includes a commonsense tax package that extends existing tax policy, avoiding the highest tax increase in U.S. history. That is right. This bill just extends existing tax policy, improves it, and avoids the highest tax increase in history.

It also enhances tax relief for working families. This one big, beautiful bill lets North Dakotans and Americans keep more of their hard-earned money.

A few key provisions include increasing the child tax credit to $2,500 per child; raising the standard deduction for all filers; establishing savings accounts for newborns; and creating a new deduction on Social Security benefits for senior citizens.

For the average family of four in North Dakota, this package will help save an estimated $1,600 in taxes. That buys about 8 weeks of groceries. This is American money staying with the American family, which is exactly where it belongs.

This bill is also pro-business. The one big, beautiful bill also includes a long list of reforms and investments that will make America, including our small businesses, stronger and more competitive.

Our goal is to reward entrepreneurship, to reward hard work, and to grow the economy. For small businesses, we permanently increased the small business deduction to 23 percent. This will impact 67,000 North Dakota businesses.

This bill will allow 100 percent immediate expensing for equipment and facility upgrades and raise the death tax exemption, helping families pass down their farm or ranch to the next generation.

For workers, the one big, beautiful bill significantly reduces taxes on tips and overtime. This lets servers, bartenders, and hourly workers keep more of their money. This means that waitresses working late and the factory worker picking up an extra shift will finally keep more of what they earned.

It is time to bring common sense and competitiveness back to our economy, which is exactly what this bill does.

I will talk a bit about energy and agriculture, big industries for my State in North Dakota. We are slamming the breaks on the Biden administration's radical energy agenda. The one big, beautiful bill repeals over $500 billion in the style of Green New Deal spending and boosts mineral development to reduce our reliance on China for critical materials.

It ends electric vehicle mandates and subsidies funded by taxpayers for wind and solar. This is a provision I have been working hard on since I arrived in Congress.

I am especially excited by the provisions in the one big, beautiful bill that support our North Dakota farmers and ranchers.

In addition to the tax provisions in the bill, which are very important for our farmers and ranchers, this bill significantly improves the core safety net and risk management tools by increasing reference prices and improving crop insurance.

It expands flexibility for family farms to reinvest in equipment, inputs, and labor. It renews 100 percent expensing for capital purchases so producers can write off the cost of new machinery, infrastructure improvements, or production facilities right away.

The bill also delivers on President Trump's promise to secure the border and enhance national security.

This bill includes the largest investment in border security in over a generation. There is nearly $150 billion to secure the border and deport criminal illegal aliens. We are restoring order at the border and restocking our military. We increase pay, housing, and healthcare for our servicemembers. We rebuild our naval fleet, modernize our air traffic control system, and restock the munitions America needs to defend itself.

Finally, this bill is pro-common sense. There are no more student loan bailouts, no more tax dollars for abortions or transgender surgeries on minors, and no more benefits for illegal immigrants who break our laws.

We are making universities pay more from their endowments, and we are taxing nonprofits that support terrorism.

We even impose a small fee on electric vehicles because they use our roads, too, and should help fund the highway trust fund.

It provides tax relief to Americans to exercise their Second Amendment rights for the first time in history.

I was proud to help move this legislation forward because North Dakotans and all Americans are tired of waste and overreach, and they are ready for real results from Washington.

This is about more than fixing broken policies. It is about turning the page on the last 4 years of dysfunction, division, and decline and writing a new chapter where government once again serves the people, where families can afford to grow, small businesses can afford to hire, and rural communities can thrive without interference from Washington.

It is about restoring common sense, restoring accountability, and rebuilding an America where people aren't just getting by. They are getting ahead.

This bill puts working families first. It reins in bureaucracy. It returns power to the people where it belongs.

Most importantly, this bill is just the beginning.

What an exciting time. I couldn't be happier to be here working with these great leaders and bringing forward important legislation just like this to make things better for America and the American people.

BREAK IN TRANSCRIPT

Source