The Veteran’s Perspective: Everyday Americans Benefit from the OBBBA
Lower Taxes, Simpler Rules, and a Stronger Future for Main Street America
When Americans think of service, they often picture the battlefield. But many veterans continue their service long after taking off the uniform. They start businesses, create jobs, and shape policy that strengthens our country from the inside out. That’s why veterans have a unique voice in the conversation about America’s future, especially when it comes to tax and economic policy.
This year, the One Big Beautiful Bill Act (OBBBA) became law. It made permanent many of the most effective provisions of the Tax Cuts and Jobs Act (TCJA). That means lower taxes, simplified rules, and more certainty for everyday Americans. And it couldn’t have come at a more important time.
Why the OBBBA Matters for the American Dream
Veterans fought to defend the American Dream. Today, millions of Americans are struggling to hold onto it. Inflation is driving up everyday costs, economic uncertainty is the norm, and Washington’s $37 trillion debt is threatening our long-term prosperity and national security. The OBBBA helps shift the tide.
Let’s break down how it benefits real people:
Lower Taxes = Higher Take-Home Pay
For hardworking, taxpaying Americans everywhere, the OBBBA means keeping more of what you earn. The bill locks in reduced income tax rates and expands deductions for pass-through income (how most small businesses are taxed). That’s money a small business owner can use to give employees a raise, invest in better equipment, or expand to serve more customers.
Veterans own over 1.6 million small businesses and employ more than 3.2 million Americans. Every dollar saved helps them continue serving their communities.
Protecting Family-Owned Businesses
Many veteran-run operations are family affairs, like a family-owned farm that has been passed down for generations, for example. Before the OBBBA, estate taxes meant the kids might’ve had to sell part of the land just to cover the tax bill if something happened. Now, with higher estate tax exemptions locked in, their legacy is safe.
This helps protect what Americans have built, so future generations can continue to be prosperous and live their American Dreams.
Encouraging Growth and Innovation
The OBBBA also makes permanent the ability for businesses to deduct the full cost of equipment purchases and research and development investments. That’s a big win for millions of employers. They can now invest in innovation without getting penalized by the tax code.
Innovation is critical to U.S. competitiveness and security. From sectors like clean energy to high tech, the OBBBA provides a foundation for continued growth to ensure America continues to lead.
Looking Forward
We fought for the freedoms that allow every citizen to pursue their American Dream. Now, we’re continuing the fight to ensure Washington doesn’t take it away with short-sighted economic policies. The OBBBA is a step toward economic responsibility, preserving pro-growth tax policies while resisting calls for harmful tax hikes that hit the middle class hardest.
