Tax Bill Benefits Richest 20% While Low Earners Face Cuts, Yale Report Finds
TL;DR Summary
The Senate's version of President Trump's tax cut bill would disproportionately benefit the wealthy, giving the top 20% an average $6,055 tax boost while costing the bottom 20% about $560 annually, with additional cuts to social programs potentially worsening inequality.
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- 'Big beautiful bill' mostly benefits the rich, while low earners would suffer from Medicaid and SNAP cuts, Yale report says CNBC
- How much will you save or lose with Trump’s ‘big’ tax bill? The Washington Post
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