Overview
- Releasing the analysis on Friday, Senator Elizabeth Warren quantified benefits in the July “Big Beautiful Bill,” citing $137 billion in corporate tax breaks for 2026 and $132 billion to the richest 1 percent in 2027.
- Warren’s office says the $132 billion projected for the top 1 percent in 2027 could extend ACA premium tax credits for over 20 million people next year and still leave about $100 billion unspent.
- The report estimates Alphabet will save about $17.9 billion in taxes this year, which her office equates to SNAP for 7.5 million people or Medicaid for 2.3 million adults or 5.4 million children.
- Amazon’s tax break this year is pegged at roughly $15.7–16 billion, which the analysis compares to SNAP for 6.6 million people or lower ACA premiums for 2.4 million; Microsoft’s $12.5 billion in 2026 is likened to ACA premium relief for 1.9 million or SNAP for 5.2 million.
- Media accounts note the law maintains a lower corporate rate and expands R&D write-offs while adding cuts and tighter eligibility for ACA, Medicaid, and SNAP, with the shutdown context including a reported $4.65 billion partial SNAP payment.