How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy NYT | Top Stories Jesse Drucker 9 November 2025 at 01:16 The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich. © Eric Lee for The New York TimesCongressional Republicans celebrated the signing of the One Big Beautiful Bill Act in July. The legislation provided roughly $4 trillion in tax cuts.