Source: ITR Economics – Now part of Crowe
The One Big Beautiful Bill Act (OBBBA) brings big changes in tax, spending, and incentives – but its benefits are capped.
It is big. Really BIG. The recently signed One Big Beautiful Bill Act (OBBBA) goes beyond tax policy and changes incentives for agriculture, defense, education, energy, health care, immigration, and transportation. Here is our initial, apolitical, big-picture take on the impact this bill will have on the consumer, capex, and the macroeconomy. We will also consider its longer-run consequences.