Article | One Big Beautiful Bill Act
Tax Trends: Quarterly tax roundtable - July 2025
July 11, 2025 · Authored by James Creech, Andrew Whitehair, Benjamin M. Willis, Nikki Grams
In our July 2025 quarterly Tax Trends webinar, Baker Tilly’s experienced tax professionals provided a high-level overview of key tax provisions in the One Big Beautiful Bill Act (OBBBA). Signed into law on July 4 by President Trump, this sweeping tax reform and spending reconciliation bill marks a pivotal moment in U.S. tax policy. It’s a landmark achievement for the administration and congressional leadership, and it arrives at a critical time as key provisions of the Tax Cuts and Jobs Act were set to expire at the end of this year.
National tax professionals James Creech, Nikki Grams, Ben Willis and Andy Whitehair provide a high-level overview of the OBBBA’s key provisions and what they mean for businesses, international operations, and individual taxpayers. From the expansion of the SALT deduction to the repeal of certain Inflation Reduction Act (IRA) credits and the restructuring of Medicaid, this legislation touches nearly every corner of the tax landscape. Additionally, our presenters explore how these changes may affect tax planning strategies and compliance obligations moving forward.
Watch the recording below.
