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H. R. 1 - 119th Congress (2025-2026): One Big Beautiful Bill Act Shown Here: Passed House (05 22 2025) One Big Beautiful Bill Act This bill reduces taxes, reduces or increases spending for various federal programs, increases the statutory debt limit, and otherwise addresses agencies and programs throughout the federal government It is known as a reconciliation bill and includes legislation submitted by 11 House committees pursuant to provisions in the
What’s in the “One Big Beautiful Bill”? - USAFacts Congress has passed its next major spending bill This legislation, called “One Big Beautiful Bill,” would lower some taxes, change funding for various federal programs, raise the debt ceiling, and changes many other parts of the federal government with the goal of aligning with the Trump administration’s priorities
Big Beautiful Bill Summary: What Just Passed in the Senate and What’s Next The Big Beautiful Bill is nearly 900 pages long and includes tax breaks for middle- and high-income earners, while slashing social safety nets and expanding immigration enforcement In a landmark move late on July 1, the U S Senate narrowly passed the Big Beautiful Bill, a massive legislative package pushed by former President Donald Trump
Big Beautiful Bill Summary: Everything to Know About the One Big . . . The big beautiful bill is a sweeping package featuring the largest tax cuts in U S history, making Trump-era tax reductions permanent, abolishing taxes on tips, and boosting the child tax credit It also includes major investments in border security, hiring thousands of new ICE and Border Patrol agents
Breaking Down the One Big Beautiful Bill-2025-06-04 The House of Representatives’ Fiscal Year (FY) 2025 reconciliation bill – titled the One Big Beautiful Bill Act of 2025 (OBBBA) – would add $2 4 trillion to primary deficits over the coming decade, adding $3 0 trillion to the debt including interest
Summarizing the One Big Beautiful Bill Act | Corient Private Wealth On May 22, 2025, the House of Representatives passed the “One Big Beautiful Bill Act ” While this tax bill will be modified as it goes through the approval process in the Senate, below is a summary of the key provisions as they stand today
Summary of the One Big, Beautiful Bill Act, July 3, 2025 This morning, the House of Representatives passed the substantial budget reconciliation bill officially known as the One Big Beautiful Bill Act (OBBBA; H R 1) In keeping with President Trump’s desire to pass it by July 4th, it is on it’s way to his desk and is awaiting his signature This 870-page bill, as hashed out in the Senate this week, carries with it a host of tax implications