Trump's Tax Law Will Mostly Benefit the Rich, While Leaving Poorer Americans with Less, CBO Says

CBO report: Trump’s Robin Hood-in-reverse law takes from the poor and gives to the rich

An analysis of Donald Trump’s tax and spending act issued Monday by the nonpartisan Congressional Budget Office (CBO) confirms that the measure, signed into law last month, transfers trillions of dollars in income from the poor to the wealthy.

Taking from the poor to give to the rich is as wrong as it’s always been

The CBO says Trump's megabill will decrease resources "for households toward the bottom" of the income scale and increase for households "toward the top."

The Sacramento Bee: Why California’s Wealthiest Tax Payers Could Get Less of a Trump Tax Break

The rich will get richer from President Donald Trump’s Big Beautiful Bill’s tax provisions – but California’s millionaires won’t get as much of a benefit as their counterparts in most other states.

Trump's tax law will mostly benefit the rich, leave poorer Americans with less

The nonpartisan Congressional Budget Office estimated the poorest 10% will lose roughly $1,200 a year to restrictions to Medicaid and food assistance.

Trump's tax law will benefit the rich at the cost of the poor, CBO analysis finds

The Congressional Budget Office estimates that the poorest Americans could lose more income annually compared to rich people due to President Donald Trump's tax legislation.

The CBO has released estimates revealing Trump’s impact on the poorest and richest Americans

President Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday.The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid and food assistance, while the richest 10% of Americans will see their income increase by $13,600 fro…