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GOP Tax Bill Would Significantly Favor the Wealthy at the Expense of the Poor

1 min read
Source: NPR
GOP Tax Bill Would Significantly Favor the Wealthy at the Expense of the Poor
Photo: NPR
TL;DR

A new CBO analysis shows the GOP's proposed $3 trillion tax and spending bill would mainly benefit the wealthy, with top earners gaining the most, while low-income families would face losses due to reduced benefits and modest tax savings.

Topics:nationpolitics#congressional-budget-office#economic-impact#income-inequality#politics#tax-cuts#tax-reform
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  1. The GOP's massive bill would benefit the rich the most — while hitting the poor  NPR
  2. GOP tax bill could cost low-income Americans $1,600 per year, CBO says  CBS News
  3. Rich Gain and Poor Lose in Republican Policy Bill, Budget Office Finds  The New York Times
  4. Megabill would cost poorest households $1,600 a year, boost richest by $12K, CBO predicts  Politico
  5. GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says  The Denver Post

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