The One Big Beautiful Bill Act of 2025: How the Section 174 Fix Revives R&D Incentives and Reshapes Tax Policy
The One Big Beautiful Bill Act (OBBBA, also called the “Big Beautiful Bill”) was signed into law by President Trump on July 4th. This legislation addressed a variety of priorities, with its many provisions relating to tax rates, credits, and deductions; border security priorities; and healthcare and entitlements.