Sen. Budd Votes for the One Big Beautiful Bill Act To Deliver Historic Tax Cuts for North Carolina Families
Budd highlights victories to protect NC farmers, improve NC workforce, and boost NC military installations
Washington, D.C. — U.S. Senator Ted Budd (R-N.C.) released the following statement after voting in support of President Trump’s One Big Beautiful Bill Act, historic legislation that lowers taxes for families, makes America safer and more secure, and unleashes economic growth for the future:
“I voted in favor of the One Big Beautiful Bill Act because the people of North Carolina deserve more of their hard-earned wages, a more secure border, a reinvigorated military, responsible spending reforms for government programs, and a thriving economy. My colleagues and I fought successfully to protect North Carolina’s tobacco growers to help them stay competitive with China. I am also grateful that this bill included my PELL Act, which will help Americans earn in-demand credentials for rewarding careers. I hope my colleagues in the House quickly get this bill on President Trump’s desk because Americans cannot afford the largest tax increase in our nation’s history,” said Sen. Budd.
Here’s How the One Big Beautiful Bill Act Directly Benefits North Carolina:
Provides Unprecedented Tax Relief for Families
This legislation helps Americans keep more money in their pockets by extending key provisions of President Trump’s 2017 Tax Cuts and Jobs Act. Preventing the largest tax increase in American history will save the average North Carolinian $2,474 in 2026.
Working families will receive significant savings with the increase and permanence of the child tax credit, expanded tax credits for paid leave, enhanced 529 savings accounts, and additional childcare access.
This legislation lowers taxes for seniors relying on Social Security.
Gives Workers the Tools They Need to Advance Their Careers
Sen. Budd fought to have his PELL Act included in this legislation, a provision that expands Pell Grant eligibility for high-quality, short-term workforce programs. This would benefit individuals seeking to advance their careers without long-term debt while also providing American businesses with a broader, better-prepared talent pool ready to meet the demands of a rapidly evolving economy.
Protects North Carolina Agriculture
Sen. Budd successfully defended tobacco’s eligibility to receive the “duty drawback,” allowing tobacco manufacturers to receive reimbursement for the tariffs they pay on materials used to produce tobacco products that they ship to international markets. This will protect North Carolina growers and prevent the tobacco market from being flooded with cheaper, lower-quality products from China and Brazil.
This legislation provides serious tax relief for North Carolina farmers by raising the death tax exemption, ensuring family farms can be passed down to future generations, rather than being broken up and sold.
Unlocks Economic Growth & American Manufacturing
This legislation will create a renaissance in American manufacturing by delivering full expensing for companies that build new factories and invest in equipment and machinery. This will help create new, good-paying jobs.
By enhancing the small business deduction and making it permanent, small businesses will be able to hire more workers.
Increasing deductions for small businesses’ equipment and property will quickly help businesses grow.
Reduces Government Spending to Preserve & Protect Government Programs
This legislation contains the first structural reforms to address waste, fraud, and abuse in key government programs like SNAP and Medicaid in over three decades. Slowing the rate of exponential cost increases will result in significant deficit savings and will preserve and protect these programs for future generations.
Invests in America’s National Defense
Sen. Budd helped secure funding to boost manufacturing capacity for the next generation of the F-15, the F-15EX, which will sustain the training mission at Seymour Johnson far into the future.
This legislation also includes significant funding to enhance America’s air superiority by preventing the retirement of the F-15E aircraft flying out of Seymour Johnson Air Force Base.
America’s troops deserve a pay raise. This legislation increases pay and allowances while making improvements to housing, healthcare, childcare, and education.
This legislation makes generational investments in our military readiness that will protect the American homeland and deter our adversaries by boosting America’s missile defense by building the “Golden Dome.”
Sen. Budd worked to secure investments to improve housing at Fort Bragg and Seymour Johnson and funds for restoration and modernization at Camp Lejeune.
This legislation creates new production lines to scale innovative, cost-effective munitions, so we are no longer shooting $4M missiles at $50,000 drones.
This legislation makes the largest ever investment in the Coast Guard’s history, which will purchase more than 40 new helicopters and six new C-130J aircraft, which will be serviced at the Aviation Technical Training Center in Elizabeth City. The legislation also funds 17 new icebreakers to protect American interests and 21 new cutters to combat drug runners and human traffickers.
Keeps America’s Border Secure
While President Trump’s policies have resulted in a dramatic drop-off of illegal immigration, this legislation also boosts America's border security by surging funding for 3,000 new Border Patrol agents and 10,000 new ICE agents. The One Big Beautiful Bill also increases funding to finish President Trump's border wall.
Ushers in Next-Generation Technologies
This legislation includes funding for the transformational air traffic control modernization project underway at the FAA. This will quickly update aging and failing technologies to keep Americans safe in the sky.
This legislation makes a historic amount of spectrum available for commercial use, which will create new jobs and unleash the next generation of wireless technology. This will ensure America remains the premier destination for innovation and help unleash a new area of advanced manufacturing. This will also make the internet faster & more dependable across the country through commercial success stories like 5G, 6G, wi-fi, and private networks using CBRS.
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