The new Republican law has already started benefiting big businesses, including Walmart, Amazon, and Verizon, which have seen their corporate tax payments decline. The law provides a range of tax breaks, such as the ability to deduct research and development costs in one year, making investments more attractive. Economists argue that these provisions are effective in incentivizing investment and innovation. However, some critics claim that they incentivize companies to take steps already rewarded by the market. A new minimum tax on corporations aims to claw back some of the savings from the tax breaks.
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Source: https://www.nytimes.com/2025/12/12/us/politics/trumps-corporate-tax-cuts-economy.html