Economic Impact of the “One Big Beautiful” Bill on U.S. Companies

The “One Big Beautiful” bill, promoted by the administration of President Donald J. Trump, is generating a significant increase in investment and business competitiveness in the United States.

The legislation includes tax reforms such as full expense deduction for new domestic factories, capital investments, and research and development (R&D), as well as tax cuts and measures aimed at stimulating economic growth. According to corporate reports, these provisions have improved cash flow, accelerated investments, and created new job opportunities.

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Business Sector Reactions

Various companies from different sectors have highlighted the direct benefits of the reform:

AT&T expects up to 8 billion dollars in cash savings within two years, which it will allocate to its network and pension plan.

Johnson & Johnson reaffirms its commitment to invest 55 billion dollars in domestic manufacturing, including a new plant in North Carolina.

Northrop Grumman estimates a tax benefit of between 200 and 250 million dollars for the year.

Booz Allen Hamilton projects an increase of 200 million dollars in its free cash flow thanks to changes in R&D capitalization.

United Rentals, Inc. raises its free cash flow forecast by 400 million dollars, driven by the reinstatement of the full deduction for capital expenditures.

PACCAR, Inc. reports greater customer interest in purchasing trucks, attributed to the tax benefits.

The Walt Disney Company expects a positive tax impact that will improve its cash flow.

General Market Outlook

According to an analysis cited by The Wall Street Journal, it is estimated that 369 companies in the S&P 500 could obtain combined tax savings of up to 148 billion dollars following the approval of the law. These benefits represent 8.5% of the joint free cash flow projections for the year.

The combination of tax incentives and measures to boost domestic production has been recognized by companies and analysts as a determining factor for investment growth, job creation, and the strengthening of competitiveness in the U.S. market.

From: https://www.whitehouse.gov/articles/2025/08/the-one-big-beautiful-bill-is-igniting-an-american-business-boom/

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