Who would win and who would lose in Republicans' 'big, beautiful bill'

The "big beautiful bill" gives big tax breaks to businesses and the wealthy, paid for partly by cutting health coverage for lower-income households.

Legislation making its way through the Senate stands to have wide-ranging effects across the economy — bolstering tax benefits for businesses and higher-income households while threatening health insurance for millions of Americans and putting thousands of clean energy and health care jobs at risk.

The bill, which is more than 900 pages long and Republicans have dubbed the “big, beautiful bill,” passed a key procedural vote over the weekend in the Senate largely along party lines, with all but two Republicans voting to advance it.

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The Senate is debating the measure before taking a final vote. If the bill passes the Senate, it will then go back to the House for another vote and ultimately must be signed by President Donald Trump before becoming law. While changes could still be made and its passage isn’t certain, here are some of the key winners and losers under the latest version of the bill.

Senate staffers watch a video feed of the senate floor during a vote-a-rama at the Capitol late Monday night.Kent Nishimura / Bloomberg via Getty ImagesWinners: CorporationsThe legislation would make permanent trillions of dollars in corporate tax cuts enacted in 2017 during Trump’s first term and expand other tax breaks for businesses. That includes permanently lowering the corporate tax rate to 21% from the 35% level before the 2017 tax cuts. The bill would also extend or increase other tax breaks for business investments, like those on new machinery, equipment and research and development, which business groups have said would encourage business investments in the U.S. The bill would also extend through 2033 tax incentives enacted in 2017 for businesses that invest in disadvantaged areas, called Opportunity Zones.