Washington, D.C. – Today, U.S. Senator Markwayne Mullin (R-OK) released the following statement on the One Big, Beautiful Bill:

“In November, the American people voted overwhelmingly for a change in Washington. Every single county in Oklahoma, all 77 of them, voted for President Trump and his transformational America First agenda,” said Senator Mullin. “The One Big, Beautiful Bill will deliver historic relief for American families. It is imperative that we make President Trump’s 2017 tax cuts permanent. We will continue the fight and get the job done.”

5 ways President Trump’s 2017 tax cuts helped Oklahoma:

1. Doubled the child tax credit to $2,000 from $1,000
2. Doubled the standard deduction
3. Created the 20% small business deduction
4. Doubled the death tax exemption
5. Drove investment through opportunity zones

What happens to Oklahoma if President Trump’s tax cuts expire?

• 233,870 small business owners will be hit by the expiring 20% small business deduction.
• 70,378 family-owned farms could see their death tax exemption cut in half
• 448,980 Families will see their child tax credit cut in half
• $5.6 billion Wages at risk
• 63,000 Jobs potentially lost
• $2,013 tax hike on the average Oklahoma family in 2026

For more information on the impact of the 2017 Trump tax cuts expiring, click here. 

To read the text of the ‘One, Big, Beautiful Bill,’ click here.

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