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“One, Big, Beautiful Bill” Promises Big Economic Gains Across Key States

By: Raeylee Barefield

Latino business leaders, veterans, and working families are among the many urging the Senate to pass President Trump’s “One, Big, Beautiful Bill” (OBBB), a sweeping tax plan aimed at delivering major relief to working Americans.

“Latinos–who historically supported President Trump’s America First Agenda in November–are counting on the Senate to pass The One, Big, Beautiful Bill to deliver the largest tax cuts in history, including no tax on tips, overtime, or social security,” said White House spokesperson Taylor Rogers. “Hardworking Americans were promised tax cuts, not tax hikes, and failure to pass this bill would stick Americans with the largest tax hike in history.”

The bill includes historic tax cuts, eliminates federal taxes on tips, overtime, and Social Security income, and extends key provisions of the 2017 Tax Cuts and Jobs Act (TCJA). A new analysis from the Council of Economic Advisers (CEA) shows that Americans across several states, especially in Florida, Texas, Georgia, and Arizona, stand to gain significantly if the bill becomes law.

In Florida, Latino voters are playing a vocal role in pushing for the OBBB, which is expected to increase long-run wages by $5,800 to $11,000 and raise take-home pay for a typical family by up to $12,700. Over 62% of Central Florida’s hospitality workers are Black or Hispanic, making the no-tax-on-tips provision especially impactful. The bill would also benefit 22% of Florida workers who regularly log overtime and 4.8 million seniors drawing Social Security.

Texas could see even larger wage gains, up to $11,300, and would protect an estimated 578,000 jobs. With 27% of the workforce logging overtime, and 64% eligible, tax repeal on extra hours worked could make a significant difference. The state also leads the country with 628 designated Opportunity Zones and a robust manufacturing sector employing 7% of its workforce.

In Georgia, long-run wages are projected to rise by as much as $11,000, with over 200,000 jobs preserved. Twenty-five percent of employees in the state regularly work overtime, and over 160,000 small firms may qualify for tax relief under the extended passthrough deduction.

Arizona stands to gain up to $11,100 in wage increases and would see 133,000 jobs protected. Seniors, especially the 1.3 million receiving Social Security, and 64% of workers eligible for overtime are among the bill’s biggest potential winners.

While the numbers vary, the message is clear: across these states, the OBBB means bigger paychecks, stronger businesses, and targeted tax relief for millions of Americans.

 

 

Staff Report

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