Trump’s One Big Beautiful Bill Summary: Key Tax Changes and Why It’s Controversial | Kiplinger
The GOP combined taxes, border security and energy policy into massive legislation enacted on July 4th. What's in it?| Kiplinger
The GOP combined taxes, border security and energy policy into massive legislation enacted on July 4th. What's in it?| Kiplinger
Explore our latest tax policy research, analysis, and commentary of the One Big Beautiful Bill Act (OBBB). Learn more from Tax Foundation's experts.| Tax Foundation
On July 4, 2025, US President Donald Trump signed the One Big Beautiful Bill Act, which extends the 2017 tax cuts and overhauls Opportunity Zones.| Fair Observer
Bloomberg recently reported that the Senate Republicans are pursuing an ambitious strategy to dramatically reduce the apparent fiscal impact of their comprehensive tax legislation through a controversial shift in budget scoring methodology. This approach centers on changing how Congress measures the cost of making President Trump's 2017 tax cuts permanent. Under the traditional budget reconciliation| tehcpa.net
Multiple independent analyses say the recently passed House reconciliation bill -- even with its deep spending cuts in some areas -- would add trillions of dollars to the federal deficit over 10 years. Those analyses contradict Republican lawmakers who have downplayed the net cost of the bill and White House claims that it wouldn't increase the deficit at all.| FactCheck.org
The House "One Big Beautiful Bill" includes a new 3.5 percent tax on remittances, or non-commercial transfers of money that people in the US send to people abroad.| Tax Foundation
Policymakers have passed legislation to extend many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) alongside dozens of new tax provisions.| Tax Foundation
President Trump has called for permanent extension of the 2017 tax cuts, additional policies including no taxes on tips, overtime pay, and Social Security benefits for retirees, and has also promised higher taxes on US imports through a series of new tariffs.| Tax Foundation
