The big beautiful bill makes the expiring individual tax cuts permanent, eliminating a year-end fiscal cliff and removing second-half-of-year uncertainty for businesses, and notably patches the alternative minimum tax which would otherwise have added a $400 billion tax increase on January 1st.
factualpending
Speaker
Dan CliftonEvidence Quote
“those tax cuts have now been extended and they are extended permanently. So what that means is that there's going to be no fiscal cliff at the end of this year.”
Source
Big Beautiful Bill, Write-Off Revolution & Tariff Tempest — The Friday Market Wrap!— Steve EismanCreated: 6/18/2026, 2:31:55 PM
My Notes
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