Trump’s bill already spelled doom for the finances and livelihoods of working families to pay for tax giveaways to the ultra-wealthy — but Republicans in Congress also quietly allocated billions of dollars in special favors to top earners, including allowing ultra-wealthy individuals to permanently deduct the full cost of private jets. Trump and Republicans have made it crystal clear where their priorities lie. As 17 million Americans lose health care, food assistance gets ripped away from millions, rural hospitals across the country close, energy bills rise, and the national debt skyrockets, private jet owners, coal industry executives, the gun industry, big drug companies, and more will get a steep taxpayer-funded discount on their tax bill. Learn all about the hidden handouts for the ultra-wealthy in Trump’s big, ugly bill:
TRUMP AND REPUBLICANS ARE GIVING HANDOUTS TO BIG CORPORATIONS AND THE ULTRA-WEALTHY…
- ✈️ Makes private jets deductible as part of a tax policy the CBO estimates will cost $378 billion over 10 years.
- 🏦 Gifts $5 million in tax-free income to startup investors
- ⛽️ Gives oil drillers a $1 billion tax loophole
- 🪨 Subsidizes coal production to the tune of $300 million, giving a handout to foreign steel companies
- 🍹 Gives away $2 billion in tax breaks for Puerto Rican/Virgin Islands rum
- 🔫 Ends a $200 tax on gun silencers
- 💳 Creates a $100 million slush fund for Project 2025 architect Russell Vought to gut federal programs
- ⛲️ Siphons away $40 million for Trump to order statues for his curated “Garden of Heroes”
- 💊 Gives highly profitable drug companies a $5 billion giveaway
…PAID FOR BY RAISING COSTS FOR WORKING FAMILIES.
- 🩺 Kicks nearly 17 million people off their health insurance and cuts $1 trillion from Medicaid.
- 🏥 Will force hundreds of hospitals to close across the country.
- 📈 Raises health care costs for tens of millions of low- and middle-income Americans.
- 🔌 Raises energy costs up to 18 percent for everyone.
- 🔋 Kills millions of jobs in clean energy.
- 🥗 Takes food assistance away from at least 3 million Americans.
- 🏫 Eliminates school meal access for more than 18 million kids.
- 🌧️ Slashes millions in weather forecasting funding.
- 💸 Adds $3.4 trillion to the deficit.