The One Big Beautiful Bill Act - A Potential Catalyst for US Value Investing

Legislation can have a powerful effect on investment outcomes. On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law.

The One Big Beautiful Bill Act (OBBBA) is designed to spur investment in domestic manufacturing with a number of incentives, including tax advantages.
The OBBBA reinstates immediate expensing of domestic capital expenditures as well as research and development. This is coupled with expanded interest expense deductions.
Investors are likely well positioned to realize reduced tax obligations and enhanced near-term cash flow, which aims to encourage an increase in domestic capital deployment.
In addition to major players in manufacturing and innovation making moves, complementary “pick and shovel” industries are poised to take advantage of the potential increase in development.

November 2025

Legislation can have a powerful effect on investment outcomes. On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. OBBBA aims to revitalize domestic economic activity by ushering in a series of pro-growth policies. The Act reshapes tax policy and introduces meaningful capital incentives designed to stimulate investment across key industries.

In our view, the combination of the bill’s benefits with deregulatory initiatives across many federal agencies may create a number of attractive investment opportunities

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