The Hidden Winners and Losers in Trump's Big Tax Bill

President Donald Trump's recent tax bill, a massive 900-page document, has left a trail of winners and losers. While the bill includes tax cuts for the wealthy and increased funding for immigration enforcement, it also contains some surprising perks for specific industries. Private jet owners, for example, can now deduct the full cost of their aircraft in the first year of ownership, a move that critics argue subsidizes luxury travel for the ultra-rich. The space industry also scored a big win, with tax-exempt bonds now available for rocket launch facilities, benefiting companies like SpaceX and Blue Origin. The pharmaceutical industry isn't left out either. The bill expands the "orphan drug" provision, making more drugs ineligible for price negotiation, which supporters say encourages the development of rare disease treatments. However, opponents argue this could keep drug prices high for patients. Farmers also got a boost, with increased subsidy rates that were last set in 2018.But not everyone is celebrating. The gambling industry is upset about a last-minute change that lowers the deductible amount for gambling losses to 90% of winnings. They argue this will force gamblers to pay taxes on "phantom" winnings. The bill also failed to include a moratorium on AI regulations, which was ultimately dropped due to public outrage. The lobbying efforts behind these provisions are a testament to the power of special interests. Some groups, like health care and tax prep companies, are already planning their next move, vowing to push for their priorities in the months ahead. The bill may be signed, but the fight for favorable treatment is far from over.