Corporate Tax Revenue Falls Even as Profits Soar Under Trump NYT - Top Stories By: Andrew Duehren 17 October 2026 at 10:02 The annual decline was about $70 billion. Companies are writing off billions in A.I. investments, taking advantage of tax cuts that President Trump signed into law. © Haiyun Jiang/The New York TimesA law signed by President Trump last year lets companies claim larger deductions in the year they make new investments.
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