Trump's Tax Policies To Save Comcast $1B Yearly

Comcast Corp. projects annual cash tax savings of approximately $1 billion due to provisions in President Donald Trump’s One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025.

The Philadelphia Business Journal reports company executives, speaking during the Q2 2025 earnings call on Thursday, attributed the nine-figure financial boost primarily to the bill’s incentives for U.S. infrastructure and research and development (R&D) investments. Comcast’s tax payments totaled $7.1 billion in fiscal 2024, per financial filings.

Brian Roberts

CEO Brian Roberts highlighted Comcast’s alignment with policies promoting domestic investment, stating, “Any policy that encourages American investment really lines up extremely well with everything we’ve done since the founding of the company.” 

He noted decades of U.S.-focused investments, including building the nation’s largest broadband network, launching theme parks like the $6 billion Epic Universe in 2025, and fostering a high-skilled workforce.

Though not explicitly naming the OBBBA, Comcast officials identified two key provisions driving the savings: the reinstatement of 100% bonus depreciation, enabling full write-offs for capital purchases acquired and placed in service in the same year (retroactive to January 19, 2025), and the restoration of immediate deductibility for domestic R&D expenses, both previously being phased out.

Jason Armstrong

CFO Jason Armstrong emphasized that Comcast’s investments in domestic content production, theme parks, and network infrastructure position it as a major beneficiary. “We’re exactly the type of company this benefits because of the type of investments we’re making,” he said. 

Armstrong added that the tax savings, averaging $1 billion annually for several years including 2025, will fuel “very aggressive” network infrastructure investments.

Comcast reported 2024 revenue of $123.7 billion and capital expenditures of $12.2 billion. In Q2 2025, revenue reached $30.3 billion, up 2.1% year-over-year.

Despite these financial gains, Comcast faces scrutiny from Trump, who has criticized the company and Roberts over NBC News and MSNBC’s White House coverage. On Tuesday, FCC Chair Brendan Carr initiated a probe into Comcast’s influence over local broadcasting affiliates, citing reports of NBC seeking “onerous financial and operational concessions” in negotiations.