Big Bill Sparks U.S. Business Boom

President Donald J. Trump's One Big Beautiful Bill is fueling a renaissance in American business competitiveness. Thanks to the landmark bill's tax reforms - including full expensing for new domestic factories, capital investments, and R&D, along with the largest tax cut in history and numerous other pro-growth provisions - companies nationwide are reporting enhanced cash flow, accelerated job-creating investments, and increased business.

In earnings reports and shareholder calls, companies are singling out the legislation as a key catalyst for renewed optimism:

• AT&T says it could see as much as $8 billion in cash savings over the next two years, allowing it to invest in its network and pension plan.
  • CEO John Stankey: "Thanks to the policies in this legislation, we intend to invest more rapidly in next generation networks … In addition to investing a portion of these cash tax savings into our network, we intend to contribute $1.5 billion to our pension plan by the end of next year. This, coupled with the job creation associated with our stepped-up investments in world-class US communications infrastructure, demonstrates why the One Big Beautiful Bill Act is great policy for American workers."
• Johnson & Johnson says the company finally has "certainty" for its planned U.S.-based manufacturing investments.
  • Executive VP and CFO Joseph Wolk: "We are pleased that the One Big Beautiful Bill Act provides certainty for our previously announced $55 billion commitment to invest here in the United States. This includes provisions such as permanent expensing for domestic R&D spend, permanent bonus depreciation, and 100% expensing of qualified production property, including our newly planned facility in North Carolina."
• Northrop Grumman Corporation says it will see "a cash tax benefit of $200 million to $250 million for the year."
  • Corporate VP and CFO Ken Crews: "We did have very strong segment operating performance within the quarter, as you mentioned. One non-operational item that offset that was the change regarding tax reform. And overall, tax reform was a positive change, increasing cash flow that we can invest in the business, provide opportunities for people, and things of that nature."
• Booz Allen Hamilton says