Five major policies to know from the One Big Beautiful Bill Act
The House passed President Trump's "One Big Beautiful Bill Act" (OBBBA), extending tax cuts from 2017, some permanently. It includes relief for workers, retirees, and small businesses. OBBBA makes lower tax brackets and standard deductions permanent while restoring capital investment expensing and factory construction incentives. Retirees and tipped workers get temporary deductions through 2028.
