Manufacturing Leadership by ANVL licensed under CC.
(If you have an addition to this list, please send details to ideas@atr.org)
In addition to across-the-board tax cuts for households, the One Big Beautiful Bill Act signed by President Trump on July 4 provides full business expensing for American businesses.
In their own words, U.S. employers describe the benefits of the expensing provisions in the bill:
Wideman Pools (Festus, Missouri) — Investment in $50,000 in new equipment, plus wage increases and profit-sharing bonuses:
“We have increased wages across the board by 10 percent and purchased over fifty thousand in new equipment for our businesses. We are also giving our employees a profit-sharing bonus this year.” – April 20, 2026, Rodney, Wideman Pools, as quoted by the U.S. Senate Committee on Finance
B&W Hardware (Wake Forest, North Carolina) — 18% increase in sales, investment in store improvements, and wage increases including a $2.50 hourly raise:
“The Working Families Tax Cuts has made a real difference. This January, our sales were up 18% compared to last year, which tells me people have a little more breathing room and they’re spending it right here in our community. On the business side, the return of 100% bonus depreciation helped us invest back into the store. We recently raised wages because when our business does well, we want our people to do well, too.” – April 8, 2026, Joe Kimray, Owner, B&W Hardware, as reported by the House Republican Conference
Liberty Landscape Supply (Jacksonville, Florida) — Equipment and truck purchases, job creation and business expansion:
Mike’s company operates six locations in the Jacksonville area and employs 170 people. He shared that the new tax law “provided me the freedom to grow” by removing the uncertainty around whether the 20% small business deduction would remain in place. Combined with enhanced expensing for investment, that certainty has helped him make both short-term and long-term business decisions with greater confidence.
Working with his tax advisor, Mike was able to accelerate a long-term growth project into an immediate expansion. Savings from the new tax law allowed him to purchase a truck and hire an operator to add pest control services that customers had requested for years. He made clear that he would not have moved forward without the support of the new tax law.
Liberty Landscape Supply is also planning to acquire another nursery in Tallahassee, FL, with 82 employees. The deal is expected to close in April 2026 and would not have happened without pro-growth tax policy. — April 15, 2026, Mike Zaffaroni, Owner, Liberty Landscape Supply, as reported in testimony before the House Committee on Small Business
Kaddas Enterprises (Salt Lake City, Utah) — New equipment and expansion. OBBBA’s expensing provisions were a key factor in the recent expansion of this family manufacturing business:
Kaddas Enterprise is a second-generation family manufacturing business located in Salt Lake City, UT. Kaddas Enterprise is undergoing its 3rd expansion in the past seven years and sells their products across the US and into 17 countries worldwide. Natalie calls immediate Research & Development (R&D) expensing “the essential to maintain our competitive advantage within our business.” When the tax code required her to amortize R&D costs instead of deducting them right away, it tied up cash and amounted to an estimated tax liability by 35%.
With the Working Families Tax Cut Act’s restoration of full, immediate expensing for U.S.-based R&D, she can now keep more working capital in the business and reinvest in operational improvements that support energy resiliency. Most importantly, she emphasized that making R&D expensing permanent gave her and her employees the confidence to launch their latest expansion. — April 15, 2026, Natalie Kaddas, CEO, Kaddas Enterprises, as reported in testimony before the House Committee on Small Business
Mekky Media Relations (Chicago, Illinois) — Investment in business expansion tools and new employee benefits such as maternity leave and a 401(k) matching program:
Michelle leads Mekky Media Relations, a public relations firm in Chicago, IL that employs 10 people. She said the new tax law is giving her the certainty to invest more aggressively in her people and her company. By making the 20% pass-through deduction permanent, Michelle gained the confidence it takes to make longer-term investments in employee benefits. This year, she launched paid maternity leave for the first time and is now moving forward with a 401(k)-matching program.
She also described reinvesting in growth tools, including AI technologies to better serve clients, and extending leadership coaching for senior talent. While her industry isn’t equipment-heavy, she noted that improved expensing and stronger cash flow will support future investments in computers and systems as the business scales, helping her continue to elevate the company and the services it provides. — April 15, 2026, Michelle Mekky, Owner, Mekky Media Relations, as reported in testimony before the House Committee on Small Business
Vicci Inc. (Fitchburg, Wisconsin) — Business expansion and job creation:
VICCI oversees motorsports brands, including the engineering and manufacturing company, Riley Technologies, and Kellymoss, the winningest team in Porsche racing. Victoria shared the impact of reinstating immediate expensing for U.S.-based R&D. By allowing eligible businesses to amend tax returns for refunds on previously amortized R&D, Victoria’s team is unlocking more than six figures to grow, hire, and innovate.
Victoria also pointed to evidence that the Working Families Tax Cut Act is strengthening American manufacturing demand across the supply chain. She is in the process of acquiring a 155,000-square-foot facility in North Carolina to meet customer demand. — April 15, 2026, Victoria Thomas, President, VICCI Inc., as reported in testimony before the House Committee on Small Business
Russell’s Convenience / Russell’s Xpress (Denver, Colorado) — Doubling store size, reopening two locations, and increasing workforce by 50% through expansion:
“The tax provisions in the bill are a critical part of my plan… Bonus depreciation alone will help me double the size of my most profitable store. That will allow me to add five more employees… The numbers now make sense for me to reopen two of my stores… All told, I expect to increase my employee numbers by 50 percent or more.” – April 22, 2026, Raymond Huff, President, HJB Convenience Corp, as reported by the House Ways and Means Committee
Peg Leg Porker bbq restaurant (Nashville, Tennessee) — Equipment purchases:
(Pictured above: Carey Bringle, owner of Peg Leg Porker)
“The section 179 deduction is huge at 100%. It allows business owners like me to say, alright, before the end of the year I’m going to buy a new truck, a new catering van, I’m going to buy to a new smoker, I’m going to invest more in my business, which can create more jobs, which drives revenue for other industries. Just nationwide as a whole it’s great for American made products. It’s just great for business all around. That ability to write it off in the year that you buy it and negate a lot of taxes because of that is huge.
If I can go buy a $200,000 piece of equipment, well now I’m buying something from another business who is going to benefit. It’s going to help me expand my business operations, which is going to help me benefit. It’s probably going to create some more jobs, not only from my business but for the other business I buy it from. And now my tax burden is reduced to the federal government. Because instead of giving that money to Uncle Sam, to spend on God knows what, now I’m giving it to another business.
I’m able to take the deduction and invest it into myself and my business that I know is going to create jobs. Other than being great tax policy, it’s a feel-good policy for a business owner to feel better about the money that you’re earning. Business owners want to invest, they want to create more. If you’re a natural entrepreneur, you want to keep going. When the federal government deincentivizes you to keep going because the more you grow the more you get taxed, that’s when business grinds to a halt. So deductions like this are paramount to businesses thriving in their communities.” — Carey Bringle, owner of Peg Leg Porker, testimonial to Americans for Tax Reform.
Sylvamo Corporation (Memphis, Tennessee) – Significant facilities expansion:
“Thanks to tax provisions in the OBBBA, we are investing to expand our U.S. operations.
This substantial impact for Sylvamo is rippling throughout the manufacturing sector, with the expansion in investment capacity resulting from the OBBBA enabling thousands of manufacturers across the country to invest more in their communities, offer higher pay or better benefits to their employees, conduct cutting-edge research, and create jobs. Achieving the manufacturing revitalization that this Congress and this Administration seek begins with a tax code that supports manufacturing investment, and that’s exactly what the One Big Beautiful Bill Act delivered.”
“Provisions such as immediate expensing for research, equipment, and facilities, a 21% corporate tax rate, and a modern international tax framework enabled us to invest and expand. A permanent, competitive tax structure is essential for continuing these job-creating investments.”
“Specifically, investments announced in 2025 include:
• $100 million investment by Sylvamo to expand capacity at our Eastover, SC mill, adding 60,000 short tons annually;
• $45 million investment by Sylvamo in a new sheeter at our Sumter, SC plant to enhance efficiency and product quality; and
• $70 million investment by Arkansas-based The Price Companies, which will modernize and operate the woodyard at the Eastover, SC mill for Sylvamo—a critical step to strengthen the company.” – December 3, 2025 written testimony of Agnes Webb, Vice President of Tax at Sylvamo, submitted to the House Ways and Means Committee [Video]
Camping World (Lincolnshire, Illinois) – Expanded facilities and operations:
Camping World CEO Marcus Lemonis also commented on how provisions from the new legislation are affecting business operations: “The deductible interest is helping us put more money directly into building new facilities, expanding operations, and hiring more American workers,” Lemonis said. “Our customers travel in America, spend in America, and support American-made experiences. This legislation is a powerful signal that this administration understands the strength and impact of our industry.” – August 7, 2025 South Bend Times
HM Manufacturing (Wauconda, Illinois) — $645,000 purchase of new machining equipment and the creation of five new jobs:
“Beyond tax savings, which can be reinvested back into job creation and worker benefits, the law provides what Main Street needs most: certainty. With tax savings now locked in, entrepreneurs can plan for the years ahead — making long-term investments that will help to shape communities for decades to come.
But what truly sets this law apart is the restoration of full and immediate expensing for capital equipment. This provision is a game changer for my company.
We’re now moving forward with a $645,000 investment in new machining equipment that will allow us to take on more complex projects, many of which have recently been reshored from overseas. These new capabilities are about staying ahead of the curve in a fast-moving industry.
With these new machines comes new jobs. To support this expansion, we’re planning to hire five team members: three skilled machinists, a shipping specialist and a receiving specialist.” – Sept. 8, 2025 Chicago Sun-Times letter to the editor by Nicole Wolter, president and CEO of HM manufacturing
1920 Tavern (Roswell, Georgia) – Equipment purchases and pay raises:
“It restores 100% immediate expensing, allowing us to invest more in our equipment and our incredible staff, whom I consider family. These tax cuts have been game-changers for small businesses like mine. Savings allowed us to purchase new equipment, new flooring and tabletops that were handmade by a local wood maker. They also allowed us to hire more staff and give our longtime employees much-deserved raises.” – Jenna Aronowitz, owner of 1920 Tavern, in a Nov. 13, 2025 Atlanta Journal-Constitution Op-Ed
Vance Truck Accessories (Oklahoma City, Oklahoma) – Higher employee wages + bonuses, sponsorship of local youth baseball, football, and softball programs; local charitable giving:
“I run a small truck accessories company that specializes in American-made products. But I chose the worst possible time to set up shop. The year was 2016, and the economy wasn’t doing great. I was basically broke, and every day was a struggle to find customers, hire workers and even keep my doors open. Taxes didn’t help. Small businesses face a big burden. It was painful to watch the money I needed go out the door to Washington, D.C.
But then President Trump and Congress stepped up. In 2017, they passed a historic tax cut for small businesses, called the Small Business Deduction. Ever since, I’ve been able to deduct about 20% of my business income every year. Without this relief, I’d be at a huge disadvantage compared to big businesses. Their taxes are lower, and I need a level playing field to compete.
But my tax cut wasn’t permanent. My taxes were going to go back to their original painful level at the end of this year. Thankfully, the Small Business Deduction is permanently in the One Big Beautiful Bill Act the president signed on the Fourth of July.
To understand why this permanent tax cut matters, consider what I’ve been able to do since it was originally passed in 2017. One of the first things I did with the tax cut was move my business into a better part of town. I couldn’t have done it without the extra money. The new location has helped me find more customers and give them a better experience.
I’ve also been able to pay my team more. Higher wages help them stick around, instead of getting poached by bigger competitors with more money. I’ve also been able to give them annual bonuses because of the tax cut.
But the most meaningful thing I’ve done with the extra money is give back to Oklahoma City. I love this city. I want it to be the best place in America for the next generation. So, I’ve sponsored baseball, football and softball programs at our local schools. I’ve also donated to the Oklahoma First Responder Wellness Division, helping our local heroes get the mental health care they need. I couldn’t do any of this if my taxes rose at the end of this year.
But now I don’t have to worry about that. Those 20% savings have helped me build the small business I always dreamed about. Now that the Small Business Deduction is permanent, I can dream even bigger. I’m going to keep giving back and investing in my team, my community and my country’s future.
And it’s not just me. Tens of millions of other small businesses can now do the exact same thing. Studies show that small businesses will now create more than 1.2 million new jobs a year because they have the confidence and cash to grow and give back. I look forward to playing my part. I couldn’t be more grateful that my small business has been empowered for the next 10 years and beyond.” – Statement of Chris Vance, owner, as published in The Oklahoman newspaper on Aug. 11, 2025
Artic Air Heating & Cooling, Inc. (Phoenix, Arizona):
“Now we’re making entirely different decisions, thanks to the permanent tax cut. We’ve put in place new plans to grow and give back to our community.
To get a sense of what small businesses like ours are now empowered to do, consider what we did after the initial tax cut eight years ago. To start, it let us pay off our small business loan at a much faster rate, ultimately getting it off our books. Now, we can use the extra money to invest in our operations and workers.
The tax cut also helped us invest in new equipment. Some new fleet trucks. A new forklift for the warehouse. A slew of new tools, including top-quality welders. These investments have helped us be more proficient in bidding against bigger businesses with more resources. Now, with a permanent tax cut, we can invest and compete with even more confidence.
And most importantly, we’re better able to help our workers thrive. Over the few years, the tax cut enabled us to give our workers an unanticipated but much-needed raise, retaining the people we need to succeed. We were even able to pay a greater share of their health care costs. Now, with permanent relief, increased wage hikes are manageable for the foreseeable future.
None of this would be possible if D.C. had let this tax relief expire. We would have had to raise prices and cut costs, and over time, the pressure would have only increased. No wonder 95% of Americans were worried about the damage if the Small Business Deduction expired. Now they don’t have to worry, and studies show that small businesses like ours will create 1.2 million jobs a year thanks to this relief.” – October 3, 2025 Phoenix Independent
Sergio’s Cuban American Kitchen (Florida) – Two new restaurant locations and 100 new jobs:
But thanks to the recent passage of the One Big Beautiful Bill Act, independent restaurants are poised to thrive – benefiting employees, customers and the community alike. For Sergio’s Restaurants, my family small business, that means moving ahead with plans to open two new restaurant locations and hire approximately 100 new team members over the next year.
How? The new federal law restores 100% immediate expensing for capital equipment, which allows us to fully deduct the cost of appliances like ovens and refrigerators the year we buy it. The policy incentivizes small businesses to invest in operational expansion now, rather than waiting and kicking the can down the road.
Additionally, the law also makes the 20% small business deduction that was set to expire permanent and locks in lower tax rates for pass-through enterprises. (These are entities in which business revenue is taxed as the owner’s personal income.)
The changes give restaurants like ours the long-term tax certainty we need to grow confidently and create jobs, as well as provide existing staff room for career development.
But arguably the most impactful part of the One Big Beautiful Bill Act for restaurants is the “no tax on tips” provision.
Under this new rule, tipped workers can deduct up to $25,000 in tips from their taxable income. In Florida, the average restaurant server earns around $37,000 annually, more than 60% of which comes from gratuity. That means the “no taxes on tips” policy could eliminate a huge chunk of their federal income tax burden. That’s a savings of around $2,000 per year back in the pockets of the restaurant servers and bartenders who power our industry.
This is more than just a win for employees, it’s a game-changer for employers too. This significant savings functions like a raise for workers, without increasing the cost of labor for restaurants and bars. At a time when the service industry is fighting to attract and retain talent, this new tax-savings tool makes our sector more competitive and helps level the playing field against other industries. – Aug. 15, 2025 Fox Business Network column
Slate Auto (Warsaw, Indiana) – New jobs and factory renovation:
Slate Auto CEO Chris Barman and several others spoke during a brief ceremony at the facility at 2801 W. Old U.S. 30, before tours were given of the plant renovation.
Barman said plans are to open toward the end of 2026. The plant will employ more than 2,000 people and is estimated to bring in $39 billion in revenue over 20 years to the state.
U.S. Rep. Rudy Yakym, who represents the Second District in Indiana, which encompasses Kosciusko County, emphasized Slate’s made-in-America status.
“This is what happens when we pass landmark legislation (in Congress) like our One Big, Beautiful Bill, and we’re hoping more opportunities like this come to fruition in the future right here in the Hoosier state,” he said. “Our bill cuts red tape, rewards innovation and makes sure that America, not our adversaries like China, leads the way in the auto industry. This could not have happened without not only Slate’s willingness to make investments, but also without the local elected officials who are here who spent a lot of time rolling out the red carpet to make sure that Slate Auto knew that this was the place for them to do business.”
“Slate is proof that when we keep the made-in-America provisions strong, companies step up and they build right here at home,” he added.
“When I think about a company like Slate Auto, a few of the provisions we put in the (Big, Beautiful Bill), things like … a brand new made-in-America provision where a company like this can take an old factory, rehab it and be able to depreciate 100% of that expense in Year 1, it’s such a big deal to allow companies to make products here in America instead of allowing China to lead the way in things like auto production,” Yakym said after the ceremony. – August 28, 2025 Indiana Times-Union article
Vermeer Corporation (Pella, Iowa) – Factory expansion:
Businesses also can now immediately deduct capital expenditures under the new law.
Those provisions will help Vermeer invest in multimillion-dollar machining centers and likely add “hundreds of thousands” of square feet of new factory space, Andringa said. The company is already finishing a South Carolina expansion project.
The prospect of such a massive expansion goes to show “the importance of it (the tax cuts) being permanent,” Miller-Meeks said. – Aug. 19, 2025 Des Moines Register
Wyoming Machine Inc. (Stacy, Minnesota) – Purchase of new equipment including a fiber optic welding machine:
“Before this reform, smaller manufacturers could deduct only 40% of the cost of major technology purchases in the first year and 20% in the second. The new rules allow full deduction up front, whether investing in cutting-edge fiber optic laser welding or other advanced tools.
For Tapani, the purchase of a new fiber optic laser welding machine, enabled by passage of the One Big Beautiful Bill Act, not only boosts productivity but also addresses chronic shortages in highly trained welders. Fiber optic welding is easier to use and less damaging to materials, allowing Wyoming Machine to serve a wider array of customers and industries.” – United States Chamber of Commerce
William Thiele, dairy farmer (Cabot, Pennsylvania) – Grain bin replacement for improved storage capacity and support of food quality:
“I’m a dairy farmer. I’m excited President Trump signed the One Big Beautiful Bill back on July 4. And that really helps farmers like myself because on farms like mine we always have a lot of projects going on and one that we have going on here is we tore down a grain bin actually yesterday and we are going to be building a new one here soon. And so my family and I would not have had the confidence to have a project like this done if it wasn’t for the One Big Beautiful Bill to help us with a project like this to improve our grain holding capacity. Remember, if we don’t have quality food here, then we can’t have a growing nation like we have now, so you always got to support farmers from all over America.” – William Thiele, Aug. 7, 2025
U.S. Metal Powders, Inc. (Palmerton, Pennsylvania) – New job creation and company expansion:
“Thanks to this transformative tax legislation, U.S. Metal Powders has already broken ground on adding another production line—which will soon double the company’s workforce. This is pro-growth tax policy in action.” — David N. Taylor, President & CEO, Pennsylvania Manufacturers’ Association, Aug. 8, 2025 press release
Cemen Tech (Indianola, Iowa) – New equipment purchases and expanded production:
“At Cemen Tech in Indianola, company leadership shared how the 100% immediate expensing provisions are giving them certainty to reinvest in new equipment and expand production and employees told me they appreciated knowing the company could continue to thrive.” – August 25, 2025 Southeast Iowa Union newspaper
Alphabet, Inc. (Mountain View, California) – OBBBA’s expensing provisions are helping the company create jobs and build data centers in South Carolina, Arkansas, Oklahoma, Missouri, Iowa, Virginia, and other locations:
“Changes to U.S. tax law enacted on July 4, 2025, allow, among other things, for immediate expensing of domestic research and experimentation costs and accelerated depreciation on eligible capital expenditures, the effects of which are included in operating cash flows for the three months ended September 30, 2025.” – Alphabet 3rd quarter 2025 results, released Oct. 29, 2025
Amgen (Thousand Oaks, California) — $600 million construction of a new U.S. science and innovation center in California; $900 million expansion to the company’s Ohio manufacturing facility; $1 billion for construction of a new North Carolina manufacturing facility; $650 million additional expansion to the U.S. manufacturing network; creation of new jobs:
“Amgen today announced plans to invest more than $600 million in a new, state-of-the-art center for science and innovation at its global headquarters in Thousand Oaks, California.
The center is designed to bring together researchers, engineers and scientists across disciplines to enhance collaboration and accelerate the discovery of next-generation therapeutics for patients with the most serious diseases. The building will feature advanced automation and digital capabilities, empowering scientists with the tools and environment needed to drive scientific excellence and advancements in biotechnology.
Amgen’s long-standing commitment to U.S. innovation and state-of-the-art operations is reflected in more than $40 billion invested in manufacturing and research and development since the passage of the Tax Cuts and Jobs Act (TCJA) of 2017. This investment includes over $5 billion in direct capital expenditures in the U.S. The enactment of pro-growth tax policies in TCJA, extended and reinforced by the One Big Beautiful Bill Act of 2025, further facilitates Amgen’s ability to invest domestically in cutting-edge science and manufacturing. — Sept. 2, 2025 Amgen company press release
“Amgen today announced a $900 million expansion of its Ohio manufacturing facility, bringing the total number of jobs created to 750 and the total investment in Central Ohio to over $1.4 billion.
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“Since passage of the Tax Cuts and Jobs Act of 2017, Amgen has invested almost $5 billion in direct capital expenditures in the United States, generating an additional downstream output to the U.S. economy of approximately $12 billion.” — April 25, 2025 Amgen company press release
“Amgen today announced a $650 million expansion of its U.S. manufacturing network, creating hundreds of new jobs.
The planned investment will support increased drug production at the company’s biologics manufacturing facility in Juncos and integrate innovative advanced technologies throughout the operations process. It is expected to create nearly 750 jobs, including construction roles and new highly skilled manufacturing jobs.
“This expansion underscores Amgen’s commitment to U.S. biomanufacturing and to strengthening the resilience of our global supply chain,” said Robert A. Bradway, chairman and chief executive officer at Amgen. “By growing our capacity to deliver innovative medicines with cutting edge technology in our manufacturing plants, we will not only better serve patients but also create high-quality jobs that reinforce America’s leadership in biotechnology.”
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Amgen’s long-standing commitment to U.S. innovation and state-of-the-art operations is reflected in more than $40 billion invested in manufacturing and research and development since the passage of the Tax Cuts and Jobs Act (TCJA) of 2017. The enactment of pro-growth tax policies in TCJA, extended and reinforced by the One Big Beautiful Bill Act of 2025, further facilitates Amgen’s ability to invest domestically in cutting-edge science and manufacturing.
This announcement builds on Amgen’s recent investments, including a $600 million science and innovation center in California and manufacturing expansions of $900 million in Ohio and $1 billion in North Carolina, respectively. — Sept. 26, 2025 Amgen company press release
Laser Marking Technologies LLC (Caro, Michigan) — Facility expansion:
Expensing “will allow us to invest into the future and immediately allow us to double our manufacturing space.” “If I can expense our manufacturing additions and new buildings that we need to build so we can supply the machinery for the U.S. — we can do that and immediately write that off. And that means something. Because that puts it right back into our local economy.” — Sam Palmeter, President of Engineering and New Product Development.
i2M (Mountaintop, Pennsylvania):
“Manufacturers are innovators. By restoring immediate R&D expensing for manufacturers across America, Congress has empowered manufacturers like i2M to innovate and create. That’s how we keep our competitive edge—not just as a company, but as a country.” — i2M founder Chris Hackett
Todd Olsen, rancher (Lewistown, Montana):
“Ranching is a gamble and an ever-changing tax code does not make our job easier. The One Big Beautiful Bill gives us multi-year certainty on expensing rules and ag-specific provisions. We can finally plan ahead with more confidence — and that helps with our business decisions across the board.” — Todd Olsen
Patti Marine Enterprises, Inc. (Pensacola, Florida):
“The full deductibility of the new construction and the 100% immediate expensing of equipment and the extension of the Trump tax cuts allows us to reinvest directly into our workforce, our facilities, and to grow our future.” — Frank Patti Jr.
Click Bond, Inc. (Carson City, Nevada) — Equipment purchases and employee pay and benefits:
“The OBBBA makes permanent the pro-growth tax policies from the Tax Cuts and Jobs Act, reinstating expired provisions on a permanent basis and preventing further damaging expirations. It also expands key incentives— such as the change that will allow us to immediately expense new or improved production facilities. This historic law ensures a pro-growth tax code for manufacturers, ensuring that we can continue to offer the pay and benefits for our workers that allow them to build lifelong, family-supporting manufacturing careers.” — July 25, 2025 written testimony of Austin Robinson, Director of Manufacturing, Click Bond Inc. — U.S. House Committee on Ways and Means Field Hearing on the One, Big, Beautiful Bill — Delivering for American Workers — Las Vegas, Nevada
Bear Valley Ranch (Parkfield, California) expensing provisions will help with equipment and capital purchases:
“Agriculture requires significant investments in machinery, equipment, and other depreciable assets and because of this, farmers and ranchers place great value on tax code provisions such as the Section 179 small business deduction. The ability to immediately expense purchases of equipment provide an incentive for farmers and ranchers to invest in their businesses. The increase of the Section 179 limitation to $2.5 million included in the One Big Beautiful Bill is a much-needed update to this tool which will help cattle producers make larger investments.
Section 179 helps cattle producers with difficult cash flow struggles, lowers their marginal effective tax rate, and eliminates burdensome recordkeeping requirements associated with depreciation. 57 percent of NCBA Tax Survey respondents reported using Section 179 in the past 3 years, and 45 percent of respondents say they would have incurred an additional tax burden exceeding $20,000 if they did not have access to it.
Accelerated deductions allow cattle producers to deduct expenses faster, reducing the tax burden and freeing up capital farm businesses can use to grow. Bonus depreciation, also known as first-year expensing, allows a business to deduct the cost of an asset the year it is placed in service. Farmers and ranchers generally use bonus depreciation when expenditures exceed the Section 179 small business deduction limits. 100 percent bonus depreciation was established in 2017, but it had been phasing out for several years. Reinstating this tool permanently will help cattle producers make essential investments without the burden of delayed tax benefits.
These improved tax incentives allow farmers to immediately write off capital investments, such as a new combine or tractor, and keep thousands of dollars in their bottom line. In addition to equipment purchases, other eligible items may include the purchase of “off-the-shelf” computer software, and breeding livestock.” — July 26, 2025 testimony of Kevin Kester, owner of Bear Valley Ranch, on behalf of National Cattlemen’s Beef Association, submitted to House Ways and Means Committee
Robinson Helicopter Company, Inc. (Torrance, California) —
“The OBBBA restored immediate equipment expensing to the 100% level—and made this pro-growth, pro-manufacturing policy permanent. Thanks to the OBBBA, manufacturers and their associated suppliers now have both the policy tools and the certainty needed to compete in this capital-intensive industry.
For Robinson Helicopter, this means being able to carry out our plans to grow our business and create jobs faster. We are acquiring a new Torrance based warehouse very close to our Zamperini Field based headquarters that will allow us to expand our logistics capabilities and more effectively serve the maintenance needs of our customers. We expect that this expansion will lead to additional equipment purchases and increased workforce for this new space. The same is true for the expanded production lines we have planned, which will require a significant amount of research to develop both the best product and a cost-effective, scalable manufacturing processes. Once that process has been developed, it needs to be executed with significant investment in tools, equipment, and workers.
Full and immediate expensing of equipment positively impacts not only our ability to compete and grow our products and services, but also the workforce we will need to hire to operate our expanded manufacturing and logistics capability. That’s going to be true across the manufacturing sector, where full expensing leads to lower costs of investment, more equipment purchases, accelerated workforce hiring, and an overall more competitive labor market and associated wages.
Across the economy, the TCJA accelerated U.S. job growth by 1.5 percentage points—a
significant nominal increase representing hundreds of thousands of new nonfarm jobs. The TCJA also led to a 1.0 percentage point increase in the labor force participation rate, signifying hundreds of thousands of civilians entering the labor force. As you might expect in this type of tight labor market, in the two years after the TCJA’s enactment, average earnings for production workers rose 6.0%, compared with just 4.9% for the two years prior to the TCJA.
This economic growth was a direct result of pro-investment policies like full expensing. And
now, in the OBBBA, Congress has made full expensing permanent. We’ve already seen how
these policies lead to economic growth, more jobs, and higher wages—and Robinson Helicopter is already rolling up our sleeves to take advantage of incentives like full expensing. For Robinson Helicopter, it’s one of the most important components of this bill, and we look forward to helping deliver economic growth and job creation.”
AT&T (Dallas, Texas) – Accelerating fiber infrastructure rollout and wireless services;
“AT&T plans to more quickly build fiber infrastructure thanks to pro-investment policies in the One Big Beautiful Bill Act passed by Congress today.
The One Big Beautiful Bill Act will spur investment, maintain U.S. leadership in innovation, and create economic opportunity nationwide. Thanks to the policies in this legislation, AT&T expects to invest more rapidly in next-generation networks after the bill is signed into law, increasing our investment by an additional 1 million fiber customer locations annually starting in 2026.
This bill also creates a pipeline of midband spectrum that will help meet soaring consumer demand and keep the U.S. technologically competitive with other countries. Paired with the tax provisions in the bill, this legislation paves the way for the stated goals laid out by FCC Chairman Brendan Carr: unleashing high-speed infrastructure builds and restoring America’s global lead in wireless technology through smart policy.” — July 3, 2025 AT&T company statement
“AT&T expects to realize $6.5 to $8.0 billion of cash tax savings during 2025-2027 relative to the guidance it provided at its 2024 Analyst & Investor Day due to tax provisions in the One Big Beautiful Bill Act. This reflects estimated savings of $1.5 to $2.0 billion in 2025 and $2.5 to $3.0 billion in each of 2026 and 2027.
The Company intends to invest $3.5 billion of these savings into its network to accelerate its fiber internet build-out to a pace of 4 million locations per year, a run-rate it expects to achieve by the end of 2026. As a result of this increased pace of organic fiber deployment, AT&T expects that by the end of 2030 it will reach approximately 50 million customer locations with its in-region fiber network and more than 60 million fiber locations when including the Lumen Mass Markets fiber assets it has agreed to acquire and plans to expand, its Gigapower joint venture, and agreements with other commercial open access providers.
AT&T also intends to contribute $1.5 billion of these savings to its employee pension plan by the end of 2026, which would result in approximately 95% funding of the plan. The remaining tax savings will add to AT&T’s financial flexibility to support additional strategic investments, incremental capital returns and debt repayment, among other potential uses.” — July 23, 2025 company statement
Johnson & Johnson (New Brunswick, New Jersey) – Provides certainty for $55 billion in U.S. manufacturing investments:
“These very policies that just pass are the ones that have enabled our commitment to invest $55 billion in the US in the next four years. And our goal is to be able to manufacture in the US, all the medicines that are consumed in the US at the completion of that plan and we are on our way of being able to do that.”
“We are pleased that the One Big Beautiful Bill Act provides certainty for our previously announced $55 billion commitment to invest here in the United States. This includes provisions such as permanent expensing for domestic R&D spend, permanent bonus depreciation, and 100% expensing of qualified production property, including our newly planned facility in North Carolina.” – Joseph Wolk, Executive VP and CFO, July 16, 2025 earnings call.
Turk Stovall, rancher (Billings, Montana) — equipment upgrades and other ranch investment:
“Because the One Big Beautiful Bill let’s us fully expense valuable and necessary investments under Section 179 and 100% bonus depreciation, our ranch will be able to upgrade equipment, increasing our efficiency without being hit by a huge tax burden. That kind of flexibility matters in a ranch like ours.” — Turk Stovall
