#OneBigBeautifulBill Here’s the latest on the “One Big Beautiful Bill” (often styled OBBBA, BBB, or One Big, Beautiful Bill Act):

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🏛️ What It Is

A sweeping budget-reconciliation bill introduced as H.R. 1 in the 119th Congress, designed to:

Extend many provisions of the 2017 Tax Cuts and Jobs Act—such as lower rates, standard deduction, and child tax credits .

Cut federal spending by tightening eligibility for Medicaid, SNAP, and more .

Increase defense, border, and energy funding, repeal certain clean-energy tax credits, and impose a 10-year ban on state-level AI regulations .