Understanding the Impact of the “One Big Beautiful Bill” on Investor Portfolios
Congress and President Trump have passed a sweeping tax and spending bill that permanently extends key provisions of the 2017 Tax Cuts and Jobs Act, including lower tax rates, higher standard deductions, and increased estate tax exemptions. While the legislation offers immediate tax benefits to individuals and businesses, it is projected to add $3.4 trillion to the national debt over the next decade. Investors should stay informed but focus on long-term financial planning rather than reacting to short-term policy changes.