The main beneficiaries of the deductions left after the 1986 tax reform act were

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The 1986 tax reform act eliminated or reduced many deductions and loopholes that benefited corporations and high-income individuals, while also lowering tax rates overall. Therefore, the remaining deductions would mainly benefit individuals who could still claim them, such as those related to charitable donations or mortgage interest. Universities, insurance companies, and automakers, among others, were affected by the reform but not necessarily the main beneficiaries of the deductions that remained.

The Main Beneficiaries of the Deductions Left After the 1986