Tuesday, October 28, 2025

Who Benefits from the One Big Beautiful Bill?

Private Jets and Car Washes Are the Latest Tax Shields for the Ultrarich
https://www.fa-mag.com/news/private-jets-and-car-washes-are-the-latest-tax-shields-for-the-ultrarich-84625.html
The key reason: a tax break solidified in the One Big Beautiful Bill Act that allows people with businesses to fully write off purchases of private jets in the year they buy them. 

How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy
https://www.nytimes.com/2025/11/08/business/trump-administration-tax-breaks-wealthy.html