Chamber Blog
Blog
Congress has passed H.R.1 — widely referred to as the “Big Beautiful Bill” — which extends many of the tax cuts first enacted under the 2017 Tax Cuts and Jobs Act (TCJA). Signed into law by President Trump on July 4, 2025, this legislation is designed to provide long-term tax certainty for both individuals and businesses by making key TCJA provisions permanent, while also introducing a few new measures that take effect starting in the 2025 tax year.