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One, Big, Beautiful Bill: The Good, the Bad, and the Ugly

By: Garrett Watson, Erica York, Kyle Hulehan, Dan Carvajal

From generous taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. breaks to costly trade-offs, the House GOP’s One, Big, Beautiful Bill has a little of everything. It’s a sweeping attempt to extend key provisions of the 2017 Tax Cuts and Jobs Act before they expire in 2026—but what’s actually in it?

Kyle Hulehan and Erica York are joined by Garett Watson, Director of Policy Analysis at the Tax Foundation, to break down the good, the bad, and the ugly: who benefits, what it could mean for the economy, and how it might reshape your tax bill.

Links

    • Budget Reconciliation Tracker See more
    • “Big Beautiful Bill” House GOP Tax Plan: Preliminary Details and Analysis See more
    • The Good, the Bad, and the Ugly in the One, Big, Beautiful Bill See more
    • House Tax Package Could Double Economic Growth Impact by Prioritizing Permanence for TCJA Business Provisions See more
    • House “One Big Beautiful Bill” Riddled with Temporary Tax Policy See more
    • A More Generous SALT Deduction Cap in the Big, Beautiful Bill Would Cost Revenue and Primarily Benefit High Earners See more
    • Current Trump Tariffs Threaten to Offset Benefits of Promised Tax Cuts See more
    • House GOP’s Approach to the IRA Clean Energy Tax Credits: Five Things to Know See more

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