Congressional Dish CD321: One Big Beautiful Bill — the Money
Aug 16, 2025
Dive into the complexities of the latest tax legislation impacting wealth disparities. The discussion unveils tax changes favoring the wealthy, while working families bear the burden. Explore how new laws prioritize fossil fuels and big industries over renewable energy. Discover the troubling implications for government revenue and equity. The interplay between military funding and social needs adds another layer of concern. This insightful analysis brings to light both the benefits and drawbacks of recent policy shifts.
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Wealthy Net Winners
- The Big Beautiful Law directs roughly half its financial benefits to the top 20% of households, with wealthy taxpayers gaining substantial permanent cuts.
- Net effects favor the rich by about $166 billion per year after some revenue-raising offsets.
Corporate Expensing Windfall
- Republicans enacted permanent 100% immediate expensing for many business investments and restored full R&D expensing, cutting corporate taxes.
- These changes are estimated to reduce corporate tax revenue by roughly $50 billion per year.
Targeted Attack On Wind And Solar
- The law systematically cuts wind and solar credits while preserving others, effectively attacking renewable deployment.
- These changes remove about $19 billion a year from wind and solar and $7.7 billion a year from residential solar incentives.