The final version of President Trump’s hallmark tax-and-spend legislation delivers significant tax advantages to some industries while rescinding them for others.While Medicaid and state-and-local-tax deductions,

At its core, the bill permanently extends the tax cuts introduced in the 2017 Tax Cuts and Jobs Act while introducing a raft of new breaks. Some, such as an expanded child tax credit and an above-the-line deduction for charitable contributions, are permanent changes to the tax code.

Different provisions of the GOP tax and spending bill will kick in over the next year or so. Many are set to expire just before Trump's term ends.