Lummis touts One Big Beautiful Bill in address to state lawmakers

SHERIDAN (WNE) — For her final time as a sitting member of Congress, U.S. Sen. Cynthia Lummis, R-Wyo., addressed the Wyoming Legislature Monday morning.

During her speeches to both the Senate and House of Representatives, Lummis touted her work in advancing Wyoming priorities in the nation’s capital. 

While many government employees had Monday off for Presidents’ Day, Lummis’ presentations helped lawmakers kick off the second week of the 2026 budget session.

Like her Senate counterpart, U.S. Sen. John Barrasso, R-Wyo., Lummis lauded the One Big Beautiful Bill Act, sometimes referred to as the Working Families Tax Cut.

The law reduces taxes on tips and overtime by allowing Americans to deduct up to $25,000 for tips and up to $12,500 for overtime, increases the child tax credit by $200 and creates Trump Accounts for children born between 2025 and 2028; the accounts launch July 5, and children are enrolled by a parent or guardian with Internal Revenue Service Form 4547. The U.S. The 

Treasury Department deposits $1,000 into an Individual Retirement Account for eligible children, which they cannot access until age 18.

On behalf of Wyoming-based Kraken, a cryptocurrency exchange, Lummis announced the company would make a financial contribution to the Trump Accounts of Wyoming children born in 2026. 

With Kraken announcing its relocation to Cheyenne had been finalized in June 2025, Lummis said she hopes it, as well as other digital asset companies and artificial intelligence companies, can help keep Wyoming youth in the state.

Lummis also touted her push for Troy Lake to be pardoned by President Donald Trump. Lake is a Wyoming diesel mechanic who was imprisoned for violating the Clean Air Act by disabling emission monitoring systems in commercial vehicles. He pleaded guilty and began a 12-month federal prison sentence on Dec. 5, 2024. Lake was pardoned on Nov. 7, 2025. 

This story was published on Feb. 17, 2026.