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Tax Planning Shonty Spatola Tax Planning Shonty Spatola

What’s the Deal with the One Big Beautiful Bill Act?

If you haven’t been following closely, the One Big Beautiful Bill Act (OBBBA) is a sweeping budget reconciliation law signed on July 4, 2025, covering tax reform, spending, healthcare, immigration, defense, and more. In political terms, it’s the modern-day omnibus — a single massive law with far-reaching effects.

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