The Social Security Administration (SSA) and legal scholars have offered sharply differing perspectives on the recently enacted One Big Beautiful Bill. In an official communication, the SSA hails the legislation as a historic victory for seniors, emphasizing tax relief for nearly 90% of Social Security recipients. By contrast, in a…
On July 4, 2025, President Donald J. Trump signed into law H.R. 1, the “One Big Beautiful Bill Act,” enacted as Pub. L. No. 119–21, 139 Stat. ___ (2025). Passed through the budget reconciliation process under the Congressional Budget Act of 1974, this comprehensive legislation represents a central pillar of…
From the Congressional Budget Office. June 27, 2025. SUMMARY: CBO provides information regarding the agency’s analysis of an amendment in the nature of a substitute to H.R. 1, the One Big Beautiful Bill Act, as posted on the website of the Senate Committee on the Budget on June 27, 2025…