ACT Applauds Passage of One Big Beautiful Bill

The Alliance for Competitive Taxation (ACT), a coalition of leading American companies advocating for pro-growth, competitive tax policy, today issued the following statement from former House Ways and Means Committee Chairman Kevin Brady, spokesperson for ACT, in response to President Trump signing the One Big Beautiful Bill into law:

“President Trump’s signature marks a defining moment for the American economy. The One Big Beautiful Bill delivers the necessary certainty to businesses, giving them the tools to invest in America, hire American workers, and lead on the global stage.

Thanks to the leadership of President Trump, Vice President Vance, Secretary Bessent, and congressional leaders in the House and Senate, the U.S. has created an environment that will help American workers and businesses thrive and compete around the world. By locking in the 21 percent corporate rate and making permanent pro-growth provisions like R&D expensing, interest deductibility, and bonus depreciation, this legislation strengthens the nation’s foundation for long-term growth.

We congratulate all those who made this achievement possible and look forward to the opportunities it creates for American companies and workers across the country.”