How One Big Beautiful Bill Protects America from the CCP
The Chinese Communist Party (CCP) has been engaged in a long-term, sophisticated effort to undermine America’s economic dominance and threaten our national security. H.R. 1, the One Big Beautiful Bill Act (OBBB), includes policies designed to fight CCP aggression by making America more resilient and prosperous. Here are the top ten policies in the OBBB that help mitigate communist China’s efforts by strengthening our economy and securing our country.
1. Secures America’s border from illegal Chinese entrants. Provides $49 billion to stop illegal immigration by creating new physical barriers, a border wall, and upgraded border facilities.
2. Stops Chinese fentanyl distribution. The CCP provides a haven for smugglers shipping and distributing fentanyl into American communities. OBBB immediately addresses this problem by providing $6.2 billion for Customs and Border Protection (CBP) to stop foreign drug trafficking.
3. Requires new U.S. energy production. In 2006, China surpassed the U.S. as the world’s biggest energy producer. This bill reverses that trend by requiring the government to hold federal lease auctions and make new land available for oil, gas, coal, and geothermal production.
4. Prevents $2,100 annual tax hike on American households. The government in China represents “a grave threat to economic well-being” of Americans according to the FBI. While the CCP seeks to undermine economic success, this bill protects hardworking families by preventing a $2,100 annual tax hike that will automatically hit every household at the end of the year.
5. $141 billion R&D investment deduction. The communist Chinese government is deeply invested in technology research, espionage, and financing. This bill creates an immediate deduction for domestic R&D investment, creating a $141 billion benefit for U.S. technology development.
6. Incentivizes U.S. car purchases. The bill establishes a tax deduction for auto loan interest on American cars. That would create a $30 billion incentive to buy cars made in the USA. This policy will reduce America’s growing dependence on Chinese automobile components.
7. $219 billion immediate cost recovery for business iInvestment. This bill will spur $219 billion in direct investment in American businesses – especially in manufacturing – by allowing the immediate expensing of new business equipment. These policies are essential at a time when the CCP is actively working to put American companies out of business
8. Creates tax-advantaged accounts to make raising a family more affordable. As China’s population decline is having a negative impact on its economy, this legislation addresses the costs of raising a family. OBBB creates tax-deferred investment accounts to give the next generation a head start.
9. No taxes on tip and overtime wages.: The bill thwarts CCP attempts to weaken our economy by making tipped and overtime wages deductible. This will cut middle income taxes by $120 billion.
10. Permanently provides 20% deduction for small businesses: As a communist nation with a totalitarian government, China does not foster entrepreneurism. In the U.S., however, small firms are the engine of the economy and make up 52.8% of new job creation. This bill spurs small business growth by extending and expanding a 20% deduction for pass-through businesses.
Budget estimates taken from the Joint Committee on Taxation and the Congressional Budget Office