Money with Murphy: Evaluating Economic Implications of the “One Big Beautiful Bill”

The “One Big Beautiful Bill” encompasses sweeping changes to tax policy, spending, and regulations. However, according to the CBO, if enacted, these changes would significantly add to the national deficit. In this week’s Money with Murphy, Kara takes a deeper dive into the “One Big Beautiful Bill” and how it could reshape America’s fiscal future.




By Michael Steinbeck July 24, 2025
Earlier this month, the One Big Beautiful Bill Act was signed into effect, introducing a range of incentives aimed at supporting U.S. businesses. Key provisions include expanded bonus depreciation, enhanced credits for manufacturing and R&D, and changes to international tax rules. While the bill includes some complex and potentially controversial elements, such as its impact on the deficit and government spending, this week’s Money with Murphy focuses on how the business-related provisions could influence companies—and, in turn, investment portfolios.
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