15 Oct 2026 12:18 pm
----------------PhiloBeddo » Today, 10:36 am » wrote: ↑ They vote against, no tax on tips, no tax on overtime, no tax on social security, men in women's sports, deporting illegals and they want open borders, defund police, release criminals, close prisons, make self defense illegal and make everyone gay, tranny and vegan. WTF. They are nuts. You have to be a total retard or anti American to vote Dem.
President Donald Trump’s One Big Beautiful Bill Act (OBBBA) — signed into law in July 2025 — provides over $4.5 trillion in tax cuts that disproportionately benefit high-income earners, billionaires, and corporations, while enacting deep spending reductions to social safety net programs. [1, 2, 3]
How Billionaires and High-Income Earners Benefit
- Top Marginal Income Tax Rate: Permanently reduces the top individual rate from 39.6% to 37%. [1]
- Pass-Through Business Deductions: Extends and expands lucrative deductions for pass-through entities (such as partnerships, S-corporations, and LLCs), where the vast majority of business income goes to top earners. [1, 2]
- Estate Tax Exemptions: Further raises and extends estate tax exemptions (sheltering tens of millions of dollars per couple from inheritance taxes). [1, 2, 3]
- Investment & Capital Gains Breaks: Expands tax-free incentives for Qualified Small Business Stock (QSBS) and opportunity zones, heavily favoring wealthy investors. [1]
- Corporate Tax Relief: Locks in lower corporate rates and international tax structures. [1]