Senator Scott Applauds Passage of the One Big Beautiful Bill

WASHINGTON – Today, U.S. Senator Tim Scott (R-S.C.) released the following statement upon passage of the Senate reconciliation legislation, otherwise known as President Trump’s One Big Beautiful Bill. This vital and comprehensive reconciliation legislation will produce lasting positive change for the American people through governmental fiscal responsibility, tax cuts, immigration enforcement, and investment in essential sectors of the country’s economy.

“Results delivered! We’re one step closer to history because Senate Republicans got the job done,” said Senator Scott. “When President Donald J. Trump signs this bill into law, it will be a major success for hardworking American families. We’re delivering tax cuts for families, securing the border, strengthening our national defense, and unleashing American energy dominance. This is a win for Americans chasing opportunity, building prosperity, and fighting for their shot at the American Dream.”

Senator Scott successfully championed several important provisions in this legislation that will provide economic relief, support small businesses, promote tax fairness, and strengthen various industries. These legislative victories underscore Senator Scott’s unwavering dedication to advancing the interests of the people of South Carolina and the United States.

Below is a list of key provisions championed by Senator Scott: 

• The Opportunity Zone Program is now permanent and greatly expanded, paving the way for economic investment and growth in economically distressed areas and maximizing community impact.
• A permanent school choice tax credit that will benefit millions of middle and low-income children for generations.
• Coaches and athletic staff can now claim out-of-pocket job-related expenses on their taxes just like classroom teachers.
• Existing FICA Tax credits have been expanded to cover additional businesses, providing meaningful tax relief for small beauty and grooming establishments.
• New Market Tax Credit has been permanently extended to attract private capital for projects in underserved urban and rural areas. 
• The permanent extension of the Excess Business Loss Limitation Section 461(I) to safeguard the tax base and prevent aggressive tax sheltering.
• The removal of retaliatory tax Section 899 to secure local employment and investment from foreign-owned U.S. businesses.
• Removal of restrictions allowing employers and employees to contribute towards the fees of direct primary care programs. 

South Carolina specific provisions can be found below:

• Extension of critical support for South Carolina Farmers; providing stronger price protections, disaster aid, and new insurance tools. 
• Extension of the 45X production credit to support the growing EV and lithium sector in the state.
• Preservation of the tax credits vital for the state’s nuclear industry and eligibility for advanced nuclear technologies, promoting clean energy and economic growth. 
• Protection of the duty drawback program, supporting small and medium-sized tobacco farmers. 

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