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Trump's Tax Cut Delivers $65 Billion Windfall [View all]
https://politicalwire.com/2026/03/31/trumps-tax-cut-delivers-65-billion-windfall/Trump’s Tax Cut Delivers $65 Billion Windfall
March 31, 2026 at 7:09 am EDT By Taegan Goddard
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 sweeping tax law, according to a Bloomberg analysis of regulatory filings. In all, annual corporate tax revenues dropped by $65 billion following the law’s passage.”
“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 sweeping tax law, according to a Bloomberg analysis of regulatory filings. In all, annual corporate tax revenues dropped by $65 billion following the law’s passage.”
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