President Donald TrumpThe joint legislative package is, as expected, split. Republicans present it as “a big, beautiful bill”. The Democrats call it “a big beautiful betrayal.” Here is a look at some of the key elements of the bill.
The winners: The bill seeks to expand the Law on Tax and Jobs Reduction (TCJA) from 2017.
He also strives to eliminate federal taxes on advice and overtime pay, fulfilling some of Trump’s promises.
Tax breaks would reduce revenue by $ 4.9 trillion in the decade, but would increase the cost of military, defense and border security.
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So if legislators sign the bill in law, the main contractors of US defense like RTX Corp. (Nyse: RTX) and Lockheed Martin Corp. (NYSE: LMT) can benefit from increased defense costs.
Other companies exposed to the defense sector including Palantir Technologies, Inc. (Nasdaq: Pltr) and Booz Allen Hamilton Holding Corp. (NYSE: BAH) can also benefit from increased military and defensive costs.
The losses: The price of the tax account will be partially balanced with new taxes on private university donations and significant cuts of programs such as Medicaid.
The shares of the main Medicaid management organizations may be vulnerable to the variability of recording and the challenges of premium prices if the changes are approved. Investors would be wise to watch UNITEDHEALTH GROUP, Inc. (Nyse: unh), Cents Corp. (Nyse: CNC) and Elevance Health, Inc. (Nyse: elv) until the bill moves through congress.
Low -income Americans who rely on food assistance should also be taken into account. Home Republicans offer major changes to the Program to support extra diet or SNAP. The program supports over 42 million Americans. The bill will transfer 5% of the benefits for benefits and 75% of the administrative expenses to the countries, compared to the current 50% share for administration only. He also strives to extend the working requirements to the recipients to the age of 64.
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Democrats criticize this move as harmful to families, while Republicans claim that it encourages work and reduces waste. The Chamber’s Agriculture Committee has already approved $ 300 million to break to help financing tax breaks.
If the legislative package is adopted, it will also be the end of many clean energy initiatives and key tax loans and will impose new fees on electric vehicles. These changes could slow down the growth of the clean energy sector and make electric vehicles and renewable energy sources less competitive than traditional energy sources.