Overview of Key Tax Changes in Trump's 'Big, Beautiful' Bill

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Source: The New York Times
Overview of Key Tax Changes in Trump's 'Big, Beautiful' Bill
Photo: The New York Times
TL;DR Summary

The article discusses how the Republican Party, under President Trump's influence, re-engineered the U.S. tax code by blending traditional supply-side economics with populist campaign promises, resulting in a mix of permanent corporate tax cuts, temporary populist measures, and significant cuts to social safety nets, which collectively favor the wealthy and increase economic inequality.

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