The One Big Beautiful Bill Act, signed into law on July 4, preserves the 21% corporate tax rate and creates new expensing opportunities for manufacturers looking to expand. It provides a host of changes to the U.S. tax code, including extensions to parts of the 2017 Tax and Jobs Act and new provisions that allow for enhanced expensing for manufacturers looking to expand operations or invest in research and development. While most manufacturing groups expressed support for the bill in the days leading up to its passage, opponents have raised concerns over its cuts to non-military government programs such as SNAP and Medicaid, as well as its curtailing of certain clean-energy tax credits.Industry leaders rave about the tax cuts in Trump’s megabill | Manufacturing Dive