The One Big Beautiful Bill Act aims to support small businesses with permanent tax deductions and reduced reporting regulations.
Quiver AI Summary
U.S. Senator Mike Crapo of Idaho announced the "One Big Beautiful Bill," aimed at providing relief to small businesses while making certain tax provisions permanent. The bill proposes benefits such as a permanent small business deduction and the repeal of strict IRS reporting requirements, which is intended to encourage job creation and local economic growth.
Crapo stated, "Freeing small businesses from onerous reporting requirements... allows them to expand and invest." The bill is expected to eliminate taxes on tips and overtime for workers while increasing the 1099-MISC threshold to ease paperwork burdens.
Various organizations, such as the National Association of Manufacturers and the National Federation of Independent Businesses, have expressed support, emphasizing the bill's potential to bolster economic growth and support for small business interests.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Mike Crapo Net Worth
Quiver Quantitative estimates that Mike Crapo is worth $3.5M, as of July 19th, 2025. This is the 175th highest net worth in Congress, per our live estimates.
Crapo has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Mike Crapo's net worth on Quiver Quantitative's politician page for Crapo.
Mike Crapo Bill Proposals
Here are some bills which have recently been proposed by Mike Crapo:
- S.2019: TRAPS Act
- S.1714: Disabled Veterans Housing Support Act
- S.1532: A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
- S.1150: Increased TSP Access Act of 2025
- S.995: Choice in Automobile Retail Sales Act of 2025
- S.963: Space National Guard Establishment Act of 2025
You can track bills proposed by Mike Crapo on Quiver Quantitative's politician page for Crapo.
Mike Crapo Fundraising
Mike Crapo recently disclosed $202.7K of fundraising in a Q2 FEC disclosure filed on July 14th, 2025. This was the 427th most from all Q2 reports we have seen this year. 42.3% came from individual donors.
Crapo disclosed $73.0K of spending. This was the 596th most from all Q2 reports we have seen from politicians so far this year.
Crapo disclosed $2.8M of cash on hand at the end of the filing period. This was the 102nd most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Mike Crapo's fundraising on Quiver Quantitative.
