GOP Tax Bill Would Significantly Favor the Wealthy at the Expense of the Poor
TL;DR Summary
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:nation#congressional-budget-office#economic-impact#income-inequality#politics#tax-cuts#tax-reform
- The GOP's massive bill would benefit the rich the most — while hitting the poor NPR
- GOP tax bill could cost low-income Americans $1,600 per year, CBO says CBS News
- Rich Gain and Poor Lose in Republican Policy Bill, Budget Office Finds The New York Times
- Megabill would cost poorest households $1,600 a year, boost richest by $12K, CBO predicts Politico
- 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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