The tax and spending megabill signed into law by President Trump on July 4 will deliver the bulk of its benefits to wealthy Americans, with the top 1 percent receiving $117 billion in tax cuts in 2026 alone.
$117 billion is a big number, so we thought it could use a little context.
- It’s more than the valuation of all the teams of Major League Baseball combined: $117 billion would easily buy every single Major League Baseball team—the entire league. ($78 Billion)
- It is much more than the combined cost of the 2 million weddings held annually in the U.S. ($63 billion). It would only pay for about 2,000 Jeff Bezos style weddings, however ($50 million each).
- It is more than the size of the entire economies of over half the countries in the world.
- $117 billion is more than the total combined sales of 15 of the largest fast food and fast-casual food establishments (McDonalds, Wendy’s, Chipotle, Domino’s, Shake Shack, Burger King, Popeyes, Starbucks, Taco Bell, Pizza Hut, KFC, Wingstop, Texas Roadhouse, Cava, and Chick-Fil-A – totaling $107 billion).
- It would pay for every single purchase of the three top selling new vehicles sold in the U.S. for an entire year: Every Ford F Series pickup, Chevy Silverado, and Toyota Rav 4.
- It would cover over 2,000 joyrides into space (about $55 million each).
- $117 billion would easily cover the entire annual player salaries of MLB, NFL, NBA, and NHL combined ($20 billion).
- It could pay for the tuition, room, and board of every college senior in the country.
- It could cover over 20 million hours of chartered private jet flights billed at $5,000 per hour.
- $117 billion could pay for a four-year undergraduate degree for every student ever to graduate from Harvard University.
