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flag Republican-led Congress passed major tax cuts in 2025, boosting tech, oil, defense, and pass-through businesses, while raising tariffs and sparking trade retaliation.

flag In 2025, Republican-led Congress passed major tax cuts benefiting industries including tech, oil, defense, and private equity, with Nvidia and other chipmakers preserving export freedoms, while oil firms gained drilling deductions and tech giants blocked federal social media rules. flag Car dealers, manufacturers, and pass-through businesses received new tax breaks, and defense spending rose by $150 billion. flag However, healthcare providers, renewable energy firms, and casinos faced setbacks, and rising tariffs sparked trade retaliation.

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