Columbia News

U.S. Senator Eric Schmitt from Missouri has expressed his support for the One Big Beautiful Bill, a legislative initiative aligned with President Trump's America First agenda. The bill aims to prevent significant tax increases, secure borders, fund deportations, create jobs, and enhance national safety.

Senator Schmitt stated, "I proudly voted to move forward with President Trump’s America First agenda today. The One Big Beautiful Bill will prevent the largest tax hike in American history, secure our border, fund deportations, create American jobs, and keep our country safe. This is a win for families across Missouri, and I look forward to continuing to work with President Trump to usher in America’s Golden Age."

The legislation includes several measures that are expected to benefit Missouri families financially by increasing their take-home pay between $6,900 and $11,600 due to tax cuts.

Key provisions of the bill involve initiatives led by Senator Schmitt. His ENABLE Act seeks to enhance ABLE (529a) accounts—tax-advantaged savings plans for individuals with disabilities—by permanently extending certain provisions and increasing the saver’s credit. This aims to provide greater financial security for people with disabilities and their families.

Additionally, Schmitt's Helping Communities with Better Support Act intends to expand home and community-based services for those with disabilities by reducing waiting lists and improving access to necessary care.

The bill also proposes an increase in the cap for 529 plans from $10,000 to $20,000. This would allow parents more flexibility in investing in their children's education by doubling the current maximum amount available for use in these plans while expanding eligible expenditures.

Furthermore, Schmitt's Educational Choice for Children Act introduces incentives for charitable donations from individuals and businesses toward scholarship awards that cover K-12 educational expenses.

Lastly, efforts are included within the bill to make permanent a 20% pass-through deduction benefiting small businesses in Missouri.