Tax & Spend
Companies Tout More Investments, Orders From Trump’s Tax Bill in Earnings Calls
US President Donald Trump during a ceremony for the One Big Beautiful Bill Act on the South Lawn of the White House.
Photographer: Kent Nishimura/BloombergCompanies are praising President Donald Trump’s new tax law as a boost to spending power.
The One Big Beautiful Bill Act — also known as OBBB — will help free up cash due to provisions that allow companies ranging from health-care giant Johnson & Johnson to technology consultant Booz Allen Hamilton Holding Corp. to immediately expense domestic capital costs.