US EditionWhen Do ‘Big, Beautiful’ Megabill Changes Go Into Effect?
ELKHART COUNTY, INDIANA, JUL 09 – The bill mandates new oil and gas lease sales, phases out renewable energy credits, and could cut nearly $1 trillion over 10 years, risking 11.8 million losing health coverage, CBO says.
- President Trump signed the One Big, Beautiful Bill into law on July 4, 2025, enacting broad changes to tax and energy policies.
- The law follows prolonged congressional debates and blocks amendments to tax the super-rich, reflecting a shift from previous green energy support.
- It raises the state and local tax deduction cap to $40,000 in 2025, sunsets hydrogen tax credits in 2028, and delays a methane emissions fee until 2035.
- The IRS reporting threshold for income via Form 1099 rises from $600 to $2,000 after 2025, and charitable contribution deductions now require exceeding 0.5% of adjusted gross income.
- The bill reduces long-term support for renewables, mandates expanded fossil fuel leases, and implements Medicaid work requirements starting January 1, 2027.
40 Articles
40 Articles
Gary Franks: Congress – Where political robots reside - Tribune Content Agency
Can’t wait till the Republican members of Congress are told at their next town hall meeting that in the so-called “Big Beautiful Bill” was a provision to defund Congress – House and Senate. Surprise! Two things are not true here. First, Republicans are not going to have a town hall meeting anytime soon and second, […]
When Do ‘Big, Beautiful’ Megabill Changes Go Into Effect?
The GOP-led Congress is walking a political tightrope with the rollout of key provisions in Trump’s “one big, beautiful” bill, passed last week. With next year’s midterms looming, strategic timing is everything: tax breaks to households (and corporations) begin in…
Summary of Key Provisions in The One Big Beautiful Bill Act
The “One Big Beautiful Bill Act” represents a sweeping overhaul of U.S. energy policy, aimed at reshaping the federal government’s role in energy markets and reversing key provisions of the Inflation Reduction Act. With a clear emphasis on fossil fuel production and energy independence, the legislation mandates new oil and gas lease sales across federal lands and offshore areas, revives tax advantages for producers, and loosens regulatory burden…
One Big Beautiful Bill Overhauls U.S. Energy Policy
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks a dramatic shift in U.S. energy policy. The bill rolls back major provisions of the Inflation Reduction Act and revives a full-throttle approach to oil and gas production by unlocking new drilling leases, expanding tax breaks, and reshaping carbon capture incentives. At its core, the bill reestablishes quarterly onshore lease sales under the Mineral Le…
Coverage Details
Bias Distribution
- 42% of the sources are Center, 42% of the sources lean Right
To view factuality data please Upgrade to Premium
