Saturday, September 26
Business investors and wealthy Americans are among the biggest winners in President Donald Trump’s ‘Big, Beautiful’ bill. Those hit the hardest by the sweeping package include elite universities, who face new levies, and immigrants.Here’s who won and who lost in the legislative centerpiece of the president’s domestic agenda:WINNERSMultimillionairesBill includes estimated $4.5T worth of tax cuts; estate tax exemption rises to $15M for individuals--$30B for married couples; 2017 Trump income tax cuts become permanent, favoring wealthyResidents of High-Tax StatesState and local tax deduction cap raised to $40K annually for five years, then reverts to $10KSmall Business Owners2017 law that allowed 20% pass-through income deduction for sole proprietorships, LLCs, partnerships permanen
