The Fox News Rundown Business Rundown: What Big Benefits Could You Feel From the “One Big Beautiful Bill” This Year?
Jan 9, 2026
Steve Moore, a conservative economist and former Trump economic advisor, shares insights on the recent jobs report and the impact of the One Big Beautiful Bill. He discusses how tax changes could save families up to $2,000 annually and stimulate business investment through expanded deductions. The conversation also highlights potential economic growth and the need for technical skills in an increasingly automated workforce. Moore even touches on how technology can help reduce housing costs, making homes more affordable.
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Adjust Withholding To Keep More Paycheck
- Check and adjust your withholding to get larger paychecks under the One Big Beautiful Bill.
- Review exemptions now so you don't miss increased take-home pay and larger refunds next filing season.
Strong Growth Can Raise Revenues Despite Cuts
- Steve Moore argues the U.S. economy is accelerating with sequentially higher quarterly growth rates.
- Faster growth boosts real incomes and can increase tax revenues despite lower rates.
Full Expensing Spurs Immediate Business Investment
- Immediate full expensing for capital purchases creates a strong incentive for businesses to invest now.
- That investment surge can drive job creation and faster economic growth if firms build plants and buy equipment.