Trump Tax Bill Benefits the Wealthy While Harming the Poor, CBO Reports
TL;DR Summary
A proposed tax bill by Donald Trump would significantly benefit the wealthiest Americans, increasing their resources by an average of $12,000 annually, while reducing resources for the poorest households by $1,600, and potentially adding $2.4 trillion to US debt by 2034, sparking controversy over its economic impact and fairness.
- Donald Trump’s tax bill would be a boon for richest Americans, says watchdog Financial Times
- Megabill would cost poorest households $1,600 a year, boost richest by $12K, CBO predicts Politico
- Trump Tax Bill Would Help the Richest, Hurt the Poorest, CBO Says Bloomberg
- Republicans Have a Solution for Their Deficit Problem: Flagrant Lies The American Prospect
- Rich Gain and Poor Lose in Republican Policy Bill, Budget Office Finds The New York Times
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