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OBBB signed: Reinstates immediate expensing for U.S.-based R&D

news.ycombinator.com Aileen Mendez 2025-08-11 22:24:00

Breaking News – July 3, 2025 Today, the House passed the Senate’s version of the “One Big Beautiful Bill Act” (OBBBA), marking a significant overhaul to federal tax policy. The signing reflects a major pivot in legislative priorities toward domestic production and pro-business tax policy. The new law restores 100% bonus depreciation, reinstates immediate expensing for U.S.-based R&D, terminates dozens of Inflation Reduction Act (IRA) clean energy programs, and permanently extends individual ta

Topics: 100 act beautiful policy tax
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Elon Musk Rekindles Trump Criticism, Attacks ‘Big, Beautiful Bill’

gizmodo.com Aj Dellinger 2025-08-13 03:43:16

The long-simmering feud between President Donald Trump and his former ‘first buddy’ Elon Musk is showing signs of boiling over once more. Following the passing of Trump’s signature “One Big Beautiful Bill” that will offer tax breaks to the wealthy while kicking millions off of Medicaid, Musk publicly supported Senator Rand Paul’s criticism (one of the few Republican ‘no’ votes in the Senate), specifically Paul’s assertion that the bill would ‘explode the deficit. Rand posted on X, “The Big Not-

Topics: beautiful big musk president trump
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Texas politicians make headway in effort to wrench space shuttle from Smithsonian

arstechnica.com Unknown 2025-08-22 07:16:14

A political effort to relocate the space shuttle Discovery from the Smithsonian to Space Center Houston has been merged with the so-called "One Big Beautiful Bill," a major economic and policy package now nearing a vote in the US Senate. The "Bring the Space Shuttle Home Act," first introduced by Texas Senators Ted Cruz and John Cornyn in April, has now been added to the Senate's version of the bill championed by President Donald Trump. While the latter legislation primarily focuses on tax cuts

Topics: beautiful center home senate space
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