Business Rundown: What Big Benefits Could You Feel From the “One Big Beautiful Bill” This Year?

December's jobs numbers are out. The weaker-than-expected report showed payrolls rose just 50,000 last month, while the jobless rate dipped to 4.4 percent — suggesting people are leaving the workforce and reinforcing the “low-hire, low-fire” labor market narrative. While today’s jobs data was mixed, Republicans say relief is on the way. Ever since President Trump signed the One Big Beautiful Bill Act of 2025 on July 4th of last year, the party has been touting its policies and telling constituents how they stand to gain from tax cuts taking effect this year. Some of that relief includes a higher standard deduction and an expanded child tax credit. The Big Beautiful Bill also included no tax on tips, Social Security, and overtime. However, Democrats have called the legislation the “big, beautiful betrayal,” saying it only helped America’s richest. FOX Business' Gerri Willis speaks with Steve Moore, the cofounder of Unlead Prosperity and a former Trump economic advisor, about what Americans expect as the policies of the Big Beautiful Bill begin to roll out. Learn more about your ad choices. Visit podcastchoices.com/adchoices