What Big Tech got out of Trump’s Big Beautiful Bill
The massive budget bill signed into law by President Donald Trump on Independence Day didn't include everything on Big Tech's wishlist, but the industry's largest players stand to gain significantly from several provisions in the One Big Beautiful Bill Act.
The Republican-backed legislation is best known for its tax cuts on tips, deduction caps that could primarily benefit wealthy taxpayers, restriction on healthcare coverage for low-income and disabled Americans, cuts to renewable energy incentives, and tens of billions of dollars in funding to immigration enforcement. But it also includes restored tax deductions for research and developm ...