Explore the key changes in the 2025 One Big, Beautiful Bill (OBBB) tax law—including permanent tax cuts, expanded deductions, estate tax updates, bonus depreciation, and more.

As the U.S. presidential election approaches, tax policy is a critical topic for voters. The candidates’ tax plans not only reveal their broader economic ideologies but also provide insight into how they will manage issues like income inequality, economic growth, and fiscal responsibility. To help you understand where each candidate stands, here we compare the tax policy plans proposed by Vice President Kamala Harris (D) and former President Donald Trump (R).