HR1, better known as “The One Big Beautiful Bill” was passed by Congress and signed into law on July 4th, 2025. This bill was a fiscal bill – known as a “tax and spending” bill. It lays out a series of changes to fiscal policy (tax code) that will occur over the next 5 years.  

 

So why is there a delay in when the provisions of the bill roll out? Simple. It all has to do with the timing of elections. HR1 has many implications for everyone in the country and has the potential to affect how people vote – so often, when something changes in our lives relating to a law or fiscal policy, we don’t know the “why”. The start dates for HR1’s components are shortly after the general elections and supporters of this are hoping that we, the people, won’t notice. While HR1 is very complex and has many provisions (the final bill was 870 pages long!) it is critical that we not only understand how this will impact us, but what this means for our elections.