Club for Growth – Improvements to OBBB Act

Club for Growth Policy Updates  |   June 2, 2025

The Club for Growth is encouraged by the progress made to pass the One Big Beautiful Bill Act, and urges the Senate to adopt the following common-sense provisions to make the bill even better:

  • Make the pro-growth expensing provisions in the bill permanent, including:
    • Full and immediate expensing for structures in manufacturing, agriculture, and resource extraction
    • Full and immediate expensing for investments in machinery and equipment
    • Full and immediate expensing for investments in research and development
  • Enact full and immediate repeal of all Inflation Reduction Act (IRA) tax credits
  • Cut marginal tax rates for individuals
  • Reduce the corporate income tax rate
  • Enhance the qualified business income deduction from 23% to 40%
  • Reduce taxation of capital gains, dividends, and other investment income
  • Index capital gains to inflation
  • Allow all Americans to save for their futures tax-free through Universal Savings Accounts
  • Abolish the Corporate Alternative Minimum Tax (CAMT) enacted by the IRA
  • Apply Social Security Number (SSN) requirements to all anti-poverty welfare benefit programs
  • Prohibit funding for sanctuary cities
  • Fully eliminate the State and Local Tax (SALT) deduction
  • Extend work requirements to all anti-poverty welfare benefit programs for all able-bodied adults, including parents with children ages 7–18
  • Fully repeal the estate/death tax or expand the exemption threshold
  • Extend the bill’s limitation on the authority of the Secretary of Education to propose or issue regulations and executive actions to all cabinet secretaries within the jurisdiction of the reconciliation bill
  • Restrict subsidies on the Obamacare federal exchanges to U.S. citizens only
  • Expand eligibility for and increase the size of the school choice provisions in the bill
  • Eliminate the 1% tax on stock buybacks enacted by the Inflation Reduction Act
  • Eliminate the limitation on carryover losses for businesses enacted by the Inflation Reduction Act
  • Authorize the sale of federal lands
  • Promote international competitiveness and investment in R&D by reforming the Base Erosion and Anti-Abuse Tax (BEAT) framework to allow American companies to fully utilize tax credits and exempt foreign payments that are already highly-taxed or subject to U.S. tax.