House GOP’s Tax-Cut Bonanza Comes With $50 Billion SALT Surprise

House Republicans’ “big, beautiful bill” could bring hundreds of billions of dollars in tax cuts to wealthy business owners.

But a key subset of rich Americans were pointedly excluded from that potential bonanza. In fact, thousands of business owners are facing the prospect of billions of dollars of higher taxes. Their sin: Earning their money in the wrong industry.

The disparities are the result of two complex provisions — worth more than $1 trillion combined — in the 1,000-plus page tax and spending bill, which was approved by the House last week and now heads to the Senate.

One ...