Trump’s Tax Cut Delivers $65 Billion Windfall

Trump’s Tax Cut Delivers $65 Billion Windfall

Bloomberg: “Some of the country’s wealthiest corporations are calculating they owe far less to the Internal Revenue Service as a result of President Donald Trump’s overhauled tax code, underscoring how a law billed as a middle‑class cut also turned out to be a big win for Corporate America.” “Nearly a dozen of the 50 biggest US-listed companies attributed a drop in federal cash income taxes last year as a direct result of Trump’s $3.4 trillion s…

Trump's tax cut delivers at least $65B windfall to corporations

Some of the country's wealthiest corporations are calculating they owe far less to the Internal Revenue Service as a result of President Donald Trump's overhauled Tax Code, underscoring how a law billed as a middle‑class cut also turned out to be a big win for Corporate America.