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What Trump’s ‘big, beautiful bill’ means for corporate America

What Trump’s ‘big, beautiful bill’ means for corporate America

Private equity loves the legislation, while Tesla and AI start-ups have lost out. Reporters examine the impact on a range of industries and sectors.

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 sweeping tax and spending legislation has been broadly embraced by American business thanks to the corporate tax cuts, enacted during Trump’s first term as president, which will be extended. But it also creates winners and losers in critical US industries.

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Original URL: https://www.afr.com/world/north-america/what-trump-s-big-beautiful-bill-means-for-corporate-america-20250709-p5mdpp