Tax Foundation: OBBBA Expected to Yield Largest Tax Cuts Since 2017
1 report, 1 independent
Updated 00:00
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What happened
The Tax Foundation predicts that the One Big Beautiful Bill Act (OBBBA), which was signed into law in summer 2025, will result in the largest tax cuts. The legislation makes permanent individual tax changes from the 2017 Tax Cuts and Jobs Act and provides additional tax reductions.
From aol.com
Why it matters
Based on updated February 2026 estimates, the OBBBA is projected to create approximately 828,000 full-time equivalent jobs over the long run. The Tax Foundation also estimates that Wyoming and Washington taxpayers could see the largest average tax cuts in 2027.
From aol.com
Who's involved
- Tax FoundationAnalyzed the impact of the One Big Beautiful Bill Act on federal tax policy.
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The entities involved
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Tax Foundation
American nonprofit organization
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Massachusetts
state of the United States of America