A Preview of H.R. 1, The One Big Beautiful Bill Act
In this week’s marathon session, the House of Representatives passed the One Big Beautiful Bill Act (OB3 Act)—the Republican budget reconciliation package with significant tax changes. This legislation goes much farther than a simple extension of the Tax Cuts and Jobs Act (TCJA) and will impact almost every taxpayer’s situation. https://www.tomtalkstaxes.com/p/a-preview-of-hr-1-the-one-big-beautiful (May 22, 2025)