One Big Beautiful Bill Is a Win for CO-08

Republicans’ One Big Beautiful Bill is a WIN for hardworking Colorado families. From preventing the largest tax hike in U.S. history to eliminating taxes on tips and overtime, the One Big Beautiful Bill is transformative legislation that will provide tangible relief for American workers and unleash America’s economic revival. Long story short: Congressman Gabe Evans is working to prevent the largest tax hike in American history from hitting the bottom 84% of wage earners, small businesses, and families with children. 

Without the One Big Beautiful Bill, Colorado’s Economy Will Suffer 

The One Big Beautiful Bill provides relief for Colorado families.

If the Trump Tax Cuts expire at the end of the year, CO-08 will see:

• 11,000 jobs lost

• $1 billion in lost wages

• $2.1 billion in lost GDP

If the Trump Tax Cuts expire, Colorado will see:

• 113,000 jobs lost

• $10.8 billion in lost wages

• $22.4 billion in lost GDP

If the Trump Tax Cuts expire:

• 109,790 CO-08 families would see their Child Tax Credit cut in half.

• 84% of CO-08 taxpayers would see their Guaranteed Deduction halved.

• 67,280 small businesses in CO-08 would be killed by a 43.4% tax rate (vs corporations whose tax rate is permanent at 21%).

• 20,354 CO-08 taxpayers would be hit by the return of Alternative Minimum Tax.

• 1,908 family-owned farms in CO-08 would have their Death Tax Exemption slashed in half

 One Big Beautiful Bill Provides Relief for Middle and Working Class Americans 

• Democrats claim this legislation is just a tax break for the wealthy. That is a lie. The One Big Beautiful Bill makes permanent the 2017 Trump tax cuts, which gave the largest tax cut to low-income working families.

• The Council of Economic Advisers (CEA) found extending the Trump tax cuts will increase wages up to $11,600. The typical American family with two children will see their take-home pay INCREASE by up to $13,300 a year.

• On top of making the 2017 Trump tax cuts permanent, the One Big Beautiful Bill also eliminates taxes on tips and taxes on overtime. This will provide real relief for the over 80 million hourly workers and the four million Americans who work in tipped occupations.

• According to the CEA, tipped workers on average will see a pay increase of $1,675, and overtime workers will receive a tax cut up to $1,750 a year. 

 One Big Beautiful Bill Is a Generational Investment in the American Economy 

• This legislation will be jet fuel for the American economy. According to the CEA, the One Big Beautiful Bill is projected to increase U.S. investment by up to 14.5% and GDP by up to 5.2% over four years.

• This economic revival will secure over 4 million more full-time equivalent jobs to unlock opportunity for the American worker. In our most distressed communities, $100 billion in investment will supercharge workforce development.

Overall, American workers will enjoy higher wages, higher take-home pay, more investment, and increased economic opportunity. And House Democrats are going to vote against all of it.