Investment advisor and CEO of Gerber Kawasaki Wealth and Investment Management, Ross Gerber, has sharply criticized the new tax cut bill – One Big Beautiful Bill Act, which was passed by the House and awaits pending approval from the Senate.
What Happened: In an X post, Gerber labeled it “the big ugly bill,” accusing it of sabotaging critical advancements in clean energy and transportation while conveniently sidestepping a notorious tax loophole known as carried interest, which he branded “the biggest tax scam out there.”
