US Edition5 Key Ways Trump’s Big Beautiful Bill Transforms Corporate Taxation
- On July 3, 2025, the House of Representatives narrowly approved the major legislative package known as the Big Beautiful Bill with a 218-214 vote, and it was subsequently sent to President Trump for his signature.
- The bill builds on the 2017 Tax Cuts and Jobs Act by keeping the corporate tax rate at 21% and restoring immediate expensing for U.S. research and development costs.
- It also reinstates 100% immediate expensing for new manufacturing plants through 2029 and revives opportunity zones with increased rural incentives and a 30% exclusion of deferred gains.
- Jean Su stated that removing clean energy tax credits risks renewable projects failing, while Doug Jones confirmed wind and solar sectors suffered the largest impact.
- Though manufacturers support the bill’s provisions, opponents warn it may increase the deficit by over $3 trillion and strain local resources, with Trenton officials expressing concern for community impacts.
24 Articles
24 Articles
What Trump’s Big Beautiful Bill Means for Your Wallet
The One Big Beautiful Bill, which cleared the House on July 3 and is poised to become a cornerstone of President Donald Trump’s second-term agenda, ushers in significant changes to Americans’ personal finances. Following Senate approval earlier in the week, the House vote sent the multitrillion-dollar domestic policy package to Trump’s desk for his signature on July Fourth. Spanning nearly 1,000 pages, the legislation locks in Trump’s 2017 tax c…
Trenton councilwoman speaks out about impact on city from Trump’s ‘Big Beautiful Bill’
After some last-minute wrangling, Congress passed what the Trump administration is calling the “Big Beautiful Bill” and is on the verge of enacting cuts to programs Republicans have long opposed, such as Medicare and SNAP, while funding things that the Trump administration has demanded, like tax cuts and funding for mass deportation of immigrants while increasing the nation’s debt limit and adding to the deficit by a reported $3.8T over the next…
Donald Trump has won his biggest political victory of the first half of his term, with Congress approving a controversial tax overhaul that will drastically cut spending on social services for low-income Americans. The bill, which Trump has called a "big, beautiful bill," passed the lower house by a narrow margin of just four votes, and the president is set to sign it into law today during the Independence Day celebrations.
Trump’s ‘Big, Beautiful Bill’ Gets House Approval, Next Up Is Signing By President Trump ⋆ Conservative Firing Line
The following article, Trump’s ‘Big, Beautiful Bill’ Gets House Approval, Next Up Is Signing By President Trump, was first published on Conservative Firing Line. House Speaker Mike Johnson confirmed that lawmakers are “delivering on our promise to make America great again.” Then the legislators voted 218-214 to adopt Senate changes to President Donald Trump’s “Big, Beautiful Bill.” It’s a landmark for tax cuts and spending that includes many of …
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