Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.
Congress has expanded a tax break, known as the qualified small business stock exclusion, that allows investors and founders to skip out on paying taxes when they cash out their shares in start-ups.
The president’s marquee policy legislation is best known for slashing taxes and cutting social safety net programs. But the sweeping measure also included many little-noticed goodies and add-ons.
A fishing boat in Metlakatla, Alaska. Senator Lisa Murkowski of Alaska may have come away with the biggest pot of benefits narrowly targeted to her state.
The product of years of Republican effort, the American tax code now blends traditional supply-side economics with President Trump’s populist 2024 campaign promises.
Even as President Trump has pointed the Republican party’s tax agenda in a more populist direction, the new law is in many ways the apotheosis of a traditionally conservative, supply-side philosophy.
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