The “One Big Beautiful Bill”: What Tax Changes Manufacturers Face

07/25/2025

Earlier this month, President Donald Trump signed “The One Big Beautiful Bill Act” (OBBBA) into law, enacting sweeping reforms and changes across the federal government.

Chief among these were wide-ranging tax changes that could significantly affect key business issues for manufacturers, including changes to cost of capital, R&D, and global supply chain implications.

OMA Connections Partner RSM has created a breakdown of both the enhanced tax benefits and business challenges that manufacturers face under the OBBBA. 7/24/2025

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