Shoppers outside a Walmart in Albany, N.Y. on Black Friday morning, Nov. 28, 2025. For most people, the tax cuts that President Donald Trump signed into law this summer have yet to materialize. But Walmart and many more of America’s largest companies have not had to wait. (Dave Sanders/The New York Times) By ANDREW DUEHREN For most people, the tax cuts that President Donald Trump signed into law this summer have yet to materialize. Only after Americans file their taxes next year will the...