Story perspectives
Trump Signs “One Big Beautiful Bill” With Low Corporate Taxes
By Drooid · · How we work
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Story summary
- President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) in July 2025.
- OBBBA’s tax provisions mainly benefit high-income individuals, corporations, small tips and overtime breaks.
- Meta, Amazon, Google and Tesla reported tax rates between 0 % and 8 % under OBBBA.
- Republicans let the Enhanced Premium Tax Credit expire, dropping enrollment by 3 million and raising premiums.
- Trump’s tariffs, Iran fuel spikes and immigration limits added over $100 billion to fuel costs.