Winners and Losers in GOP Megabill

After a months-long standoff on Capitol Hill, President Donald Trump’s One Big Beautiful Bill Act has successfully traversed through Congress and will go into law. Observers say the reconciliation package will be positive for the financial markets because it will deliver certainty—something Wall Street always craves. The legislation will be a victory for several sectors but also frustrating to a few industries. Winners Manufacturing and industrial firms are poised to be among the primary beneficiaries. Bonus depreciation would provide a significant tax advantage, as companies are permitted to deduct all or part of the cost of equipment and property in the year it is put into service. While there was a discrepancy in the length of the bonus depreciation, lawmakers settled on a permanent 100 percent deduction for itemized expenses....