NEWS | HR1 Advances Through Senate with Action for NSBA, Small Business Tax Priority Issues

NSBA applauds the Senate for passing HR1, the One Big Beautiful Bill Act, which includes action for NSBA’s top Priority Issues: permanency for the small-business tax rate and cut in the form of the 199A Qualified Business Income deduction.

01 JULY 2025 | Senate lawmakers voted on Tuesday to pass the One Big Beautiful Bill (H.R. 1) out of the chamber by a 51-50 margin, with Vice President JD Vance casting the tie-breaking vote.

The House Rules Committee will now consider the Senate’s bill on Wednesday in anticipation of sending it before House floor, where lawmakers will attempt to put a final version of the bill on the President's desk before the end of the week.

RELATED | NEWS | NSBA Joins Main Street in Support of HR1 for Small-Business tax provisions, NSBA Priority Issues

“NSBA applauds the Senate for passing H.R. 1, the One Big Beautiful Bill Act which includes NSBA’s #1 priority, permanency for the small-business tax rate cut in the form of the 199A Qualified Business Income deduction,” NSBA President and CEO Todd McCracken said. “Enacting this provision and several others—including reversing a very problematic change to the R&D tax deduction—is a major win for small business.”

“As our nation celebrates Independence Day, I urge the House to pass the language approved in the Senate and give America’s small businesses the freedom and independence they need and deserve to keep their businesses thriving,” McCracken went on to say.

Follow NSBA for updates on progress of this bill as it moves through the House, and contact your Members of Congress and urge them to support Main Street competitiveness today.