At the weekend of Independence Day, US President Donald Trump signed the so-called “Big Beautiful Bill” in law. You have probably heard that it contains drastic cuts in Medicaid and other social security networks. And that millions of people will lose their health insurance. It is no secret that the far -reaching package of measures stipulates and extends enormous tax cuts for riches and provides billions in order to force the government’s mass portation campaign. But the law comprises over 900 pages, and the headlines hardly scratch the surface.
Private jets are tax deductible
Under the surface, behind the attacks on the arms and the working class, the “Big Beautiful Bill” is packed with gifts for ultra -rich, advantages for interest groups and desired points for companies and lobbyists. Here are some of the provisions of Trump’s not quite as beautiful law that they may not have seen in the headlines, but which are likely to convert America’s economic landscape in the sense of Trump and the Republicans.
You can learn a lot about the priorities of a tax law if you look at which provisions are limited in time and which are permanently. Trump’s tax relief for drinking money? That ends in 2028. A tax relief for the purchase of private jets? It is now permanent.
Trump’s tax law of 2017 introduced rules for “special depreciation”. Tax law usually allows business owners, large investments – e.g. B. in factories – to write down their useful life. The 2017 law wanted to boost investments by allowing the full value of short -term investments in the first year. These investments included not only machines or agricultural technology that could have an increasing productivity, but also notorious private jets for managers.
These regulations should actually expire until 2027. Trump’s new law not only brings them back – it makes them a permanent part of tax law.
Flying Magazine celebrates Trump’s new tax law as a “paradigm shift for the economy of aircraft ownership” and notes that “the possibility of selling the full purchase price immediately creates strong incentives for purchases”. Flyingusa comments even more euphoric: “You can imagine it as a VIP lounge of tax law-exclusive, luxurious and surprisingly generous.”
It limits student loans
Republicans have long made themselves against the initiatives launched by the bidet government to issue student loans. Despite all the complaints that university formation is too expensive, inaccessible and realistic, the “Big Beautiful Bill” does not address the problem – rather, it punishes those who try.
The law sets limits for how many students may borrow from the federal government for a postgraduate course: a maximum of $ 100,000 ($ 25,000 per year) for most and $ 200,000 ($ 50,000 per year) for courses such as medicine or law. This is absurd, considering a medical degree in 2025 in the median around $ 286,454 (state) or $ 390,848 (private).
While Republicans argue that credit limits hold universities from excessive prices, educational experts say that this excludes low -income students without massive reductions in tuition fees. In addition, repayment options for new loans are reduced to just two models from the entry into force of the law: a standard plan and an income -dependent plan.
“The changes will drastically restrict the number of those who can afford medical studies,” said the CEO of the American Medical Association, Dr. James Madara, the Los Angeles Times, “and probably exacerbated the impending shortage of doctors.”
It limits price negotiations for medication
Trump’s law contains a special regulation for Big Pharma that introduces new restrictions on Medicare’s price negotiations.
The law excludes medication that treats several rare diseases and has pharmaceutical companies inserted $ 5 billion, which would otherwise be possible for taxpayers. The regulations from the bid era already excluded medication for rare diseases (less than 200,000 affected) of price negotiations. Trump’s regulation now also excludes medication that are approved for several rare diseases, according to the New York Times.
Medicares price negotiation is weak anyway: it affects only a few medication and the “maximum fair price” is often three times as high as in other industrialized countries. And even economically, the exception to rare diseases is questionable: A survey showed that 19 of the 100 most sales -strong medication in the United States treated precisely such diseases.
It exposes minimum staff standards in nursing homes
The drastic cuts in Medicaid will already have a negative impact on nursing homes and the care of older patients, but other passages of the GOP law could further deteriorate the quality of care for seniors.
The law delays the implementation of minimum staff standards in nursing facilities by 10 years. These standards were introduced by the bidges for institutions that receive Medicare and Medicaid money. Among other things, this includes more staff per patient on site. The rules were a reaction to mass extinction in nursing homes during Corona pandemic.
In April, a federal judge tipped central parts of the regulations after lobbyists in the nursing industry. The “Big Beautiful Bill” is now the second massive blow against attempts to improve the quality of care according to Covid.
It institutionalizes Doge-like “state efficiency”
Elon Musk left the Trump-Weiße House, and the so-called Department of Government Efficiency (Doge) has disappeared from the headlines. But Trump’s law contains a worrying passage for the white house budget office (omb): It receives $ 100 million “to search for efficiency in the household and accounting of the executive”, according to the Center for American Progress (CAP), a progressive think tank.
The OMB is headed by Russell Vougt, an architect of Project 2025. In the early days of the government, he worked with Musk to systematically dismantle government -approved authorities. VOUGHT headed the consumer protection office (CFPB), which he wanted to destroy by setting investigations, demolition of comparisons and breakdown – even though the authority has reimbursed almost $ 20 billion to betrayed consumers. Courts repeatedly whistled him back.
VOUGHT also introduced the practice of the “impoundment” – that is, simply not to be output by the congress. According to the CAP, this “100 million dollar lubricating money fund” could fuel Vought’s Doge mission “massive-to the damage ordinary Americans”.
It promotes the abolition of the IRS free tax portal
Making taxes is already annoying and unnecessarily complicated. Tax companies such as intuit or H&R block have developed a system to press every cent of citizens that are legally obliged to submit their taxes. Trump’s law does not simplify the tax system – rather it takes steps to remove one of the few free alternatives.
The house version of the law tried to delete the IRS pilot program “Direct File”-free tax software for beneficiaries in over 20 states. The Senate slightly alleviated this, but founded a task force for examination, as Direct File could be replaced by a public-private partnership.
Tax software companies have long been calling for the end of Direct File. According to a report by Notus, intuit in 2024 spent around 3.7 million dollars for lobbying. The majority of the Americans support the introduction of free, simple options for direct tax levies to the IRS – but this law never served the common good.
It provides oil drills fat advantages
The law contains numerous gifts for the oil and gas industry- in the sense of Trump’s “Drill, Drill, Drill” agenda. This includes the resumption and acceleration of oil and gas leasing- from the Gulf from Mexico to Alaska. There is also a tax advantage thanks to Senator James Lankford (R-OKLA), with which drilling companies can handle a competitive tax.
Inflation Reduction Act introduced a 15 percent “minimum tax” for large companies in 2022. The aim was to prevent large companies from paying zero taxes through tricks and loopholes while reporting high profits to shareholders.
Lankford, Senator from one of the leading oil states, apparently enforced a clause that allows the industry to deduct “intangible drilling and development costs”- a subsidy instrument that has existed since 1913- before the profit calculation for minimum tax.
The new gift is estimated at $ 1.1 billion.