US EditionWho Won and Lost in Trump’s Tax Bill
UNITED STATES, JUL 3 – The tax bill extends 2017 cuts favoring wealthy investors and large farms while eliminating key clean energy credits and cutting social program benefits, affecting 22 million families, analysts say.
- The U.S. House passed President Trump’s sweeping tax-and-spending bill in a 218-214 vote on July 3, 2025, ahead of his July 4 deadline.
- The legislation extends the 2017 Trump income tax cuts permanently and includes $4.5 trillion in tax cuts, with benefits favoring wealthy Americans.
- Key provisions raise taxes on immigrants, phase out clean energy tax credits, and create new work requirements for Medicaid and SNAP recipients up to age 65.
- The bill temporarily raises the cap on deductions for state and local taxes to $40,000 for five years before returning to the $10,000 limit set under the 2017 law, and introduces a tax that can reach up to 8% on the endowment income of wealthy universities.
- The bill reduces funding for Medicaid and food assistance programs affecting millions, while increasing the defense budget by $150 billion and allocating funds for space exploration and broadband initiatives.
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Business investors and wealthy Americans are among the biggest beneficiaries of President Donald Trump's tax reform.Among the most affected by this comprehensive package are elite universities, which face new taxes, and immigrants.The House passed the bill in a vote of 218 to 214, just a day before Trump's self-imposed deadline, July 4.Who won with Trump's proposal?The rich gain the ability to transmit more wealth to their heirs and evade a tax …
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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.
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Total News Sources14
Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 30%
C 40%
R 30%
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