The Hidden Winners and Losers in Trump's Big Tax Bill

A Massive 900-Page Document with Far-Reaching Effects

President Donald Trump's recent tax bill, a 900-page document, has left a trail of winners and losers.

Winners

• Wealthy Individuals: Tax cuts for the wealthy.
• Immigration Enforcement: Increased funding.
• Private Jet Owners: Full cost deduction in the first year of ownership.
• Space Industry: Tax-exempt bonds for rocket launch facilities, benefiting companies like SpaceX and Blue Origin.
• Pharmaceutical Industry: Expansion of the "orphan drug" provision, making more drugs ineligible for price negotiation.
• Farmers: Increased subsidy rates, last set in 2018.

Losers

• Gambling Industry: Last-minute change lowers deductible amount for gambling losses to 90% of winnings.
• AI Regulations: Moratorium on AI regulations dropped due to public outrage.

The Power of Special Interests

The lobbying efforts behind these provisions highlight the influence of special interests. Groups like health care and tax prep companies are already planning their next moves, vowing to push for their priorities in the months ahead.

The bill may be signed, but the fight for favorable treatment is far from over.