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GOP tax bill would shrink incomes for low earners: Analysis
- The Republican-backed tax bill introduced in May 2025 proposes permanent tax cuts including raising the deduction cap from $10,000 to $30,000 and eliminating taxes on overtime and tips.
- The bill follows prior tariff policies under the Trump Administration, prompting debate as experts and the White House disagreed on the tariffs’ economic impact and the bill’s effects on different income groups.
- Analyses from the CBPP and Tax Policy Center found that high earners would gain substantially more, with the top 1% possibly seeing a 3% income rise while the lowest 20% would receive minimal after-tax boosts or even losses due to reduced benefits.
- White House spokesman Harrison Fields defended the bill as delivering "bigger paychecks" and permanent cuts despite five House Republicans opposing it for insufficient spending reductions, highlighting ongoing uncertainty over the bill’s future.
- If enacted, the bill could increase income inequality as top earners benefit most substantially, while some low-income households risk losing net income when tariff-related price hikes and benefit cuts are considered.
10 Articles
10 Articles
Republicans Want Universities to Pay Their Fair Share - Liberty Nation News
By Andrew Moran The clarion call from the left has been for the affluent to pay their fair share of taxes. While US government data indicate that prosperous Americans already pay a lion’s share of the nation’s taxes, some politicians possess an insatiable appetite. But what about elite universities? House Republicans think these post-secondary institutions should begin paying […]
GOP tax bill may hurt the lowest earners and help the richest - West Hawaii Today
WASHINGTON — As Rep. Jason Smith, R-Mo., commenced a marathon session this week to consider a sprawling and expensive Republican tax package, he took special care to emphasize his party’s commitment to “hardworking Americans.”
GOP tax bill may hurt the lowest earners and help the richest - Hawaii Tribune-Herald
WASHINGTON — As Rep. Jason Smith, R-Mo., commenced a marathon session this week to consider a sprawling and expensive Republican tax package, he took special care to emphasize his party’s commitment to “hardworking Americans.”
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