Copy of The One Big Beautiful Bill - The OBBB
- gianmarco scollo
- Aug 17
- 1 min read
Why this matters now
On July 1 (legislative day June 30), 2025, the House and Senate stitched together HR 1—better known as The One Big Beautiful Bill (OBBB). This once-in-a-generation package simultaneously extends the 2017 Tax Cuts , re-opens fossil-fuel leasing , and rescinds more than $550 billion in recent climate and infrastructure funds . It is already reshaping debates over fiscal discipline, energy strategy, and border security.
President Donald Trump will, probably, sign the Bill on the 4th of July, a significant date for the Americans, and it will mark a significant shift in the US economy.
Furthermore, many Republicans have been quite uncertain on the Bill, considering the repurcussion it could have on the future US production, social issues and national debt.
It is hard to make a provision on the effects of the "One Big Beautiful Bill", but there are some similarities with another bill proposed a few years ago in another country, that almost caused the default on an entire state. However, a catastrophic approach and vision won't help, let's see in the next month what will happen.
In the meantime,
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