Elizabeth Warren slams Trump tax policy as ‘Big Handout’ to billionaires

WASHINGTON, DC: Senator Elizabeth Warren didn’t hold back in a new video, slamming President Donald Trump’s tax policies. She accused Trump and Republicans of handing billionaires and large corporations a massive giveaway.

Warren highlighted fresh data showing that a little-noticed part of the GOP’s main tax law gives the biggest breaks to wealthy companies while leaving regular working people with almost nothing.

Warren targets ‘Big Beautiful Bill’ and corporate windfalls

In the video, Warren revisited Trump’s frequently touted “big beautiful bill,” saying, “So I just got back some new data. Remember Donald Trump and the Republicans' big beautiful bill? We knew it was a handout to giant corporations. But I wanted to find out just how big one particular Republican tax break for giant corporations really is.”

While Republicans framed the law as a growth-boosting measure, Warren said the legislation primarily served corporate interests. According to her, newly analyzed data shows that a provision known as “bonus depreciation” has delivered a massive financial windfall to billionaire-owned corporations.

“And shocker, this tax break called bonus depreciation is a massive windfall for billionaires and billionaire corporations. In short, it lets corporations claim tax breaks earlier than they otherwise would have,” Warren continued.

Warren claims more money in the pockets of billionaires

Warren emphasized that this provision of the Trump administration doesn’t help small businesses or middle-class families. It primarily benefits large corporations, which often have entire teams dedicated to maximizing tax advantages.

"So that means more money in the pockets of billionaire corporations right now. And no surprise, the new data show that the richest corporations win the biggest. Eighty percent of this handout went to companies already making more than a billion dollars a year,” Warren said.

She criticized Trump and his administration for including this measure in the same bill where health care coverage was reduced for millions of Americans, driving up premiums for others.

“But hey, at least billionaires and billionaire corporations got even richer. It’s clear exactly where Trump and Republican priorities lie,” Warren added.

Senator Warren made these remarks while Democrats pushed to portray the Trump tax law as a case of economic inequality and special treatment for large corporations. They have argued that the law increased the deficit without significantly boosting wages for average workers. Republicans, by contrast, defended bonus depreciation and other corporate tax breaks as incentives for investment, job creation, and economic growth.