Data brokers are part of a worldwide multibillion-dollar industry of companies that profit from hoarding and selling access to huge amounts of Americans' personal, financial, and granular location information, often collected from phones and other devices connected to the internet. This data gets sold, including to governments, who don't need a warrant for commercially obtainable data. The collection of huge banks of data also comes with its own risks, including security lapses and data breaches.
The big, beautiful bill makes permanent the Tax Cuts and Jobs Act provisions, which generally benefited high earners more than most. Increased standard deductions are for individuals, heads of households, and married couples.
