On July 4, 2025, President Trump signed Republicans’ One Big Beautiful Bill Act (OBBBA) into law. In addition to ripping away health care coverage and food assistance from millions of Americans, this bill enacted numerous massive tax breaks for big corporations, including the permanent extension of 100% bonus depreciation. I write to seek more information about OBBBA’s extension of full bonus depreciation, which the Joint Committee on Taxation (JCT) has estimated will cost a whopping $362.7 billion over ten years, including the extent to which giant corporations have disproportionately benefited from this provision with little to no benefit for the American people or economy.
Quoted Staff Member
