Who Won and Lost in Trump’s Tax Bill

Who won and lost in Trump’s tax bill

WASHINGTON — Business investors and wealthy Americans are among the biggest winners in President Donald Trump’s tax bill. Those hit the hardest by the sweeping package include elite universities, who face new levies, and immigrants.

Who Won and Lost in Trump's Tax Bill

(Bloomberg) — Business investors and wealthy Americans are among the biggest winners in President Donald Trump’s tax bill. Those hit the hardest by the sweeping package include elite universities, who face new levies, and immigrants.

Who Won and Lost in Trump’s Tax Bill

Business investors and wealthy Americans are among the biggest winners in President Donald Trump’s tax bill. Those hit the hardest by the sweeping package include elite universities, who face new levies, and immigrants.

Trump’s tax bill could be a major win for one group. Everyone else? Not so much.

When the U.S. House of Representatives passed its version of President Donald Trump’s megabill back in May, legislators included a loophole that would allow large farms to maximize the total amount of federal dollars they can collect. When the bill moved on to the Senate, legislators there first sought to expand that loophole, and make it easier for industrial farms to cash in on subsidies. "This story was originally published by Grist. Sign up …

Trump’s tax bill could be a major win for Big Ag. Everyone else? Not so much.

Update: Just before 3 p.m. on Thursday, the House of Representatives voted, 218 to 214, to pass the latest version of President Donald Trump’s sweeping tax cut bill. According to Karoline Leavitt, the White House press secretary, Trump will sign the bill into law on Friday at 5 p.m. When the U.S. House of Representatives passed its version of President Donald Trump’s megabill back in May, legislators included a loophole that would allow large fa…