President Trump signed into law the One Big Beautiful Bill Act, a budget reconciliation law likely to impact many civic, economic, and commercial areas across the United States. For businesses, the effects will be significant: the Act makes permanent tax breaks from 2017's Tax Cuts and Jobs Act and allows companies new write-offs for equipment,

President Trump signed his sweeping tax cut and spending package known as the “big, beautiful bill” into law during a Fourth of July celebration on Friday. The measure boosts defense and border wall funding and makes Trump’s 2017 tax cuts permanent,