But it also includes restored tax deductions for research and development and other items that could benefit the tech industry, among other businesses. Some changes will likely benefit businesses of all sizes and sectors — while others may offer large companies in the tech industry the biggest benefits. Democrats who have opposed the lower tax rates have framed it as a handout to corporate America. The tech industry argued protecting those low rates would keep US companies competitive with other countries, like France and the UK. That money could flow to several large tech firms already engaged in the space.