For small businesses, we permanently increase the small business deduction to 23%. This will impact 67,000 North Dakota businesses. This bill will allow 100% immediate expensing for equipment and facility upgrades and Raise the death tax exemption, helping families pass down their farm or ranch to the next generation. For workers, the One Big beautiful bill significantly reduces taxes on tips and overtime. This lets servers, bartenders and hourly workers keep more of their money. (03:21–03:28)
CLAIM
Asserts that the bill raises the death tax exemption to help families pass down farms or ranches.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
