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President Donald Trump got his “big beautiful bill”—at least in the draft version—and it certainly lives up to the moniker. The tax portion of the bill will cost $3.7 trillion over the next decade, according to the Joint Committee on Taxation (JCT). The draft bill (and subsequent markups) would make permanent a number of the expiring tax cuts contained in Trump’s signature 2017 tax legislation— the Tax Cuts and Jobs Act (TCJA). It would also sweeten some of those cuts. The beneficiaries of the most recent proposal are largely individuals. But that’s because in the TCJA, many of the tax…

Brian Dunhill is the co-founder and portfolio manager at DF-direct. When Americans are considering expat…

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