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The Trump administration boosted tax breaks for the wealthy and corporations by raising the CAMT safe harbor threshold to $800 million without public explanation.
The Trump administration is expanding tax breaks for wealthy individuals and large corporations by weakening the corporate alternative minimum tax (CAMT), raising the safe harbor threshold from $500 million to $800 million without public justification.
These changes, made through IRS guidance rather than legislation, benefit private equity firms, crypto companies, foreign real estate investors, and multinational corporations, undermining a 2022 law meant to ensure profitable firms pay at least 15% in taxes.
Critics, including Democratic lawmakers and tax experts, say the moves could cost the government hundreds of billions in revenue, exceed legal authority, and prioritize corporate interests over social safety net programs.
La administración Trump aumentó las exenciones fiscales para los ricos y las corporaciones al elevar el umbral de puerto seguro CAMT a $ 800 millones sin explicación pública.