U.S. lawmakers marked the third anniversary of President Joe Biden’s Inflation Reduction Act by touting its role in expanding renewable-energy projects and lowering health-care and prescription-drug costs. Supporters cited an estimated $208 million already invested in clean-power installations in at least one congressional district and pointed to record oil, gas and renewable output nationwide. Their comments came as Republicans promoted President Donald Trump’s newly enacted One Big Beautiful Bill Act. The law, signed on July 4, permanently extends the 20 percent small-business income-tax deduction, boosts defense and border funding and scales back several Biden-era energy incentives. Fresh analysis from the non-partisan Tax Foundation projects the measure will translate into an average federal tax cut of about $3,752 per filer in 2026, with reductions forecast for every state. Backers say the package will spur domestic energy production and lift business confidence; several lawmakers already credit it for a jump in small-business optimism. Democrats counter that the legislation — which some have dubbed the “Big Ugly Bill” — threatens to reverse clean-energy gains and raise household power costs. The Congressional Budget Office has warned that the package could widen the federal deficit by roughly $2.4 trillion, sharpening the fiscal and policy divide as the two landmark laws head into their next budget cycle.