US EditionSenator Crapo Breaks Down Trump's "Big Beautiful Bill"
CALIFORNIA, JUL 15 – The bill permanently enacts 2017 tax cuts, cuts Medicaid funding by $1.6 to $2 trillion over 10 years, and risks healthcare coverage loss for millions in California, analysts say.
- The One Big Beautiful Bill Act became law on July 4, 2025, marking the most significant overhaul of U.S. international tax rules since 2017.
- The law aims to streamline compliance for multinational corporations, reduce residual U.S. tax, and provide greater certainty for forward-looking planning.
- Out with GILTI and in with NCTI, the new framework replaces the GILTI regime with Net CFC Tested Income and raises foreign tax credit relief to 90%.
- In the divergent impact analysis, middle-market businesses with foreign subsidiaries may see net positive changes, while businesses in low- or no-tax jurisdictions may face increased residual U.S. tax.
- Looking ahead to 2026 projections, the international tax team is modeling impacts and advises modeling under the NCTI regime with the 40% deduction and 90% foreign tax credit.
33 Articles
33 Articles
Hastings Tribune
Strategic Benefits Advisors outlines what plan sponsors need to know about the One Big Beautiful Bill
ATLANTA, Ga., July 16, 2025 (SEND2PRESS NEWSWIRE) — Strategic Benefits Advisors, Inc. (SBA) today released a practical summary of the employee benefits provisions contained in the newly enacted One Big Beautiful Bill Act (OBBB), signed into law by President Trump…
Krem2 News
Trump's 'One Big Beautiful Bill' takes center stage in pivotal swing states
The trip by Vance to West Pittston marks the first big push from the White House to promote the new law. It's unclear how much Trump plans to do the same.
Senator Crapo Breaks Down Trump's "Big Beautiful Bill"
IDAHO FALLS, Idaho (KIFI) - Since its introduction in May, President Trump's Big Beautiful Bill has been a dominant topic in the news. Now that it's been signed into law, Local News 8 had a chance to sit down with Senator Mike Crapo, and get his take on what he thinks are the most important points of the legislation. "The bottom line is that we have taken the first big steps to make sure Americans aren't slammed by a huge tax hike and have given…
Coverage Details
Bias Distribution
- 57% of the sources are Center
To view factuality data please Upgrade to Premium
