The Wall Street Journal
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How Trump’s Tax Law Is Creating Clear Winners and Losers | WSJ
Posted
December 16, 2025
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7:32Now PlayingPresident Trump had a significant victory this summer with the passing of his “big, beautiful bill.” The new law extended tax cuts expiring at the end of this year, created new deductions for overtime pay and tipped workers and more. But how has Trump’s megabill impacted small businesses?
WSJ’s tax reporter Richard Rubin visits two businesses – one that benefited from President Trump’s signature tax-and-spending law and one that didn’t – to see how different provisions are playing out along a stretch on the Gulf Coast.
Chapters:
Read more about the year Trump changed America and the world
Trump’s Year
What a difference a year makes. Since returning to the White House in January, Donald Trump has unleashed an ambitious agenda that’s disrupted global industry, geopolitical alliances and everyday life in America. His policies have touched the medicines we take, the foods we eat and the prices we pay for everything from beef to health insurance. Here’s where the changes have
mattered most.
#Trump #Tax #WSJ
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