Decoding the "One Big Beautiful Bill Act (OBBBA)"
The One Big Beautiful Bill Act (OBBBA, H.R. 1) aims to overhaul the U.S. tax system. It makes permanent key parts of the 2017 Tax Cuts and Jobs Act (TCJA), introduces new deductions for workers, and fundamentally shifts energy and social policy. This interactive guide breaks down the complex legislation to help you understand its impact on individuals, businesses, and the national economy.
Where Do I Fit In? Key Impacts by Profile
This bill directly affects your financial situation. Select the profile that best matches you below to see the key benefits and changes.
The Battle of the Baselines: OBBBA's Fiscal Impact
The bill's effect on the national debt depends entirely on the "baseline" used for analysis. The Congressional Budget Office (CBO) projects a massive increase in the deficit, while the White House (CEA) argues for a deficit reduction through growth. The chart below visualizes the difference in their 10-year fiscal outlooks.
Note: This chart is a simplified visual comparison of analyses from various organizations mentioned in the report. Exact figures and methodologies may vary.
Detailed Provisions: What's Changing?
OBBBA brings specific changes across personal, business, and international taxes. Click each item below to compare the details of key tax provisions and the differences between the House and Senate versions.
Sector-by-Sector: Winners and Losers
All major legislation creates advantages and disadvantages for certain economic sectors. OBBBA reshapes America's fiscal priorities, creating clear winners and losers.
✅ Major Winners
🏭 Fossil Fuel Industry
Receives direct benefits from the repeal of the methane tax, lower coal royalties, and the opening of new oil and gas leases.
💼 Capital-Intensive Manufacturing
The permanent 100% immediate expensing (bonus depreciation) for equipment and facilities significantly reduces the cost of investment.
🏠 High-Income Individuals & Pass-Throughs
Benefit substantially from a higher SALT deduction cap, a larger estate tax exemption, and an enhanced Section 199A deduction.
❌ Major Losers
☀️ Renewable Energy Sector
Faces project cancellations and investment uncertainty as the IRA's clean energy tax credits (for EVs, solar, wind) are largely repealed.
🏥 Healthcare Sector (especially for low-income)
Medicaid cuts and stricter eligibility could put severe financial pressure on hospitals, particularly in rural areas.
🧑🤝🧑 Social Safety Net Beneficiaries
Face the risk of reduced benefits from cuts to Medicaid and SNAP, coupled with stricter work requirements.