On 28 June 2025, Senate Budget Committee Chairman Lindsey Graham (R-SC) released the updated text of the budget reconciliation bill, the One Big Beautiful Bill. Senators voted to advance the bill late that night in a vote of 51 to 49. Among other things, the updated text provides a temporary increase in the proposed SALT cap to USD 40,000, accelerates the phase-out of certain green energy credits, and removes proposed Tax Code Section 899, "Enforcement of Remedies Against Unfair Foreign Taxe…