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The Fox News Rundown

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

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.41.7K Ratings

🗓️ 9 January 2026

⏱️ 14 minutes

🧾️ Download transcript

Summary

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

Transcript

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0:00.0

Welcome to a world of infinite worlds, a world of adventure, possibility and happily ever afters.

0:07.6

It's all waiting for you at Walt Disney World Resort in Florida.

0:11.3

Book selected 2026 packages by the 31st of March and get up to 25% off 14-day tickets and Disney hotels.

0:19.7

Offer available in most school holidays, including summer. Book now at Disneypackages.co.uk. Selected 2026 arrivals in Disney Resorts, conditions and exclusions apply. Right, that's it. Come on. Lights out. You've got a test tomorrow. Just two minutes. I'm about to reach the next level. It's going off now. Yeah, whatever. Let's see. Where's the app?

0:39.4

Oh, here it is.

0:41.0

What? How?

0:42.4

Oh, no. You're out. Better look next time.

0:45.1

Mom!

0:46.2

It's game over for late nights on school nights.

0:49.0

EE Wi-Fi controls help you get them off the Wi-Fi and into bed.

0:53.0

More parents are choosing EEBroadband,

0:55.4

the UK's fastest growing broadband provider. To verify I see EE.com.com. U.K.

0:59.4

I'm Jerry Willis, and this is the Fox Business Rundown.

1:09.0

Friday, January 9th, 2026, Republicans say taxpayers will start feeling the big benefits of the one big,

1:16.7

beautiful tax bill this year. I'm just thinking right now that everything is looking so positive

1:23.9

for American workers and American families.

1:33.7

December's jobs numbers are out. The weaker than expected report showing payrolls rose just 50,000 last month, while the jobless rate dipped to 4.4 percent, suggesting people are leaving

1:40.0

the workforce and reinforcing the low-hire, low-fire labor market narrative.

1:45.4

While today's jobs data was mixed, Republicans say relief is on the way.

1:50.2

Ever since President Trump signed the one big beautiful bill act of 2025 on July 4th of last year,

1:56.3

the party has been touting its policies and telling constituents how they stand to gain from tax cuts taking

2:02.2

effect this year. Some of that relief includes a higher standard deduction and an expanded child tax

...

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