Trump's 'Big Beautiful Bill' contains roughly $4.5 trillion in tax cuts and solidified the tax cuts from Trump’s first term. The wealthiest families will enjoy a $12,000 increase at the cost of the poorest people having to pay an additional $1,

At the White House on the Fourth of July, President Donald Trump held a “ Big Beautiful Bill ” signing, complete with B-2 bombers.

Rather than uniting Republicans behind a core economic message heading into 2026, the legislation has become a political headache.

Corporate America is broadly happy with Donald Trump’s “big, beautiful bill” since it extends tax cuts that make companies giddy. But there are some clear winners and losers. Here’s a breakdown by sector:

Washington — The Senate voted to advance President Trump's "big, beautiful bill" late Saturday night, in a key test for the tax and spending measure ahead of a final vote expected in the coming days.

While President Trump used last week’s event to tick through proposals in the bill he wanted to emphasize, none of those ideas are featured in the bill’s actual name.

Donald Trump’s “big, beautiful bill” delivers big wins for private equity and fossil fuels, while hurting the renewables industry and some of the hottest companies in Silicon Valley.

The GOP measure includes tax cuts and spending reductions, as well as immigration enforcement funding.

Many Republicans argue that voters will feel the economic benefits of their bill and reward them by sending them back to Washington. Democrats say the bill is deeply unpopular and they'll use it to clobber the GOP in the November 2026 election.