For Wall Street, the legislation is not expected to spur growth or provide much of a boost to markets. Michael Green, chief strategist at Simplify Asset Management, said the law is not stimulative like Trump’s first-term tax cuts, and coupled with tariffs, it’s not expected provide a meaningful tailwind for markets,

Key provisions in the president’s signature legislation will take effect at different times over several years.

Two Republican senators and a broad coalition of funders made a big difference for private foundations during negotiations over President Donald Trump’s tax and spending legislation.

Under the final iteration, the so-called Trump accounts are custodial individual retirement accounts for kids, with special rules until the year the child turns 18. For the next few years, they come with $1,000 of seed money from the Treasury Department for newborns. That money would grow tax-deferred, with income taxes due upon withdrawal.

President Donald Trump’s sweeping $3.4 trillion fiscal package is already creating opportunities for segments of the energy and climate industries that had fallen out of favor, struggled to grow or haven’t managed to break through.

The federal policy change raises questions about the electric vehicle market after historic investments and state incentives poured in to build the new $4 billion factory.

Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.

For the last decade, these dual programs run by the nonprofit Children’s Aid have taught families how to eat healthier on a budget. But now, under President Donald Trump’s new spending bill, the long-standing initiatives and others like them across the state will shut down by October, unless they find a way to plug the funding gap.

(Reuters) -Clean energy companies are asking California leaders for help getting their projects going before changes to federal subsidies in President Donald Trump's sweeping new tax and spending law make them more expensive and difficult to build.