Trump tax plan

The president's signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire.

The sweeping $3.4 trillion fiscal package is already creating opportunities for segments of the energy and climate industries that had fallen out of favor.

Tax clients are already starting to ask their accountants about the many changes in the massive One Big Beautiful Bill Act passed by Congress last week.

A set of provisions tucked into the law has real estate developers and affordable housing proponents cheering — though some view it as a bittersweet victory.

Executives at America's largest corporations watched Donald Trump sign a massive tax-cut bill without any change in their own companies' tax rates.

Solar and wind projects that already had been pared back by Trump's $3.4 trillion budget bill designed to end green energy incentives.

The bill is expected to push almost 12 million Americans off their health insurance, creating long-term financial issues for states and health-care providers.

A loophole for religious schools was removed from the final tax bill, leaving the Indiana-based school to pay a higher levy on its $20 billion endowment.

Business investors and wealthy Americans are among the biggest winners. Those hit the hardest include elite universities, who face new levies, and immigrants.

President Trump signed his $3.4 trillion budget bill into law, enshrining an extension of tax cuts, temporary new breaks for tipped workers and funds for an immigration crackdown.