Skip to content

The One Big Beautiful Bill, Explained

May 20, 2025 · 17 min

Show notes

We break down the House GOP’s One, Big, Beautiful Bill—a sweeping tax package designed to extend key parts of the 2017 Tax Cuts and Jobs Act before they expire in 2026.

Kyle Hulehan is joined by Garett Watson, Director of Policy Analysis at the Tax Foundation, to unpack what’s actually in the bill, who benefits the most, and how it could impact the economy, federal revenue, and your taxes.

Links:

https://taxfoundation.org/blog/house-one-big-beautiful-bill-temporary-tax-policy/

https://taxfoundation.org/research/all/federal/big-beautiful-bill-house-gop-tax-plan/

https://taxfoundation.org/blog/house-tax-plan-economic-growth-impact-business-tax-permanent/



Support the show

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

All episodes of The Deduction

Settings

Display

Language

Decides which stations you see first on the home page.

History

Recently played stations and episodes and your latest searches are only stored in this browser.

Notifications

A short notice when a podcast you follow has a new episode. Turn off single podcasts with the bell on their page.

Account

Save favorites – in the app and on the website.

Keyboard shortcuts

/
Open search
Space
Play or pause
← →
In the player: back 15 s, forward 30 s (episodes) · in a row: next tile
↑ ↓
In a row: target within the tile
Home / End
In a row: first or last tile
Esc
Close window or menu
?
This overview
Now playing

Go to station page

Play next

    Add episodes with “Play next” – they play after the current episode.