Trump’s Proposed Tax Bill Would Favor the Wealthy at the Expense of the Poor
TL;DR Summary
The proposed Republican bill would significantly increase inequality by cutting taxes for the wealthy and reducing benefits for the poor, making it more regressive than any major law in decades, according to the Congressional Budget Office.
- Trump’s Big Bill Would Be More Regressive Than Any Major Law in Decades The New York Times
- Megabill would cost poorest households $1,600 a year, boost richest by $12K, CBO predicts Politico
- The GOP's massive bill would benefit the rich the most — while hitting the poor NPR
- Republican megabill would make the rich richer and the poor poorer, CBO concludes MSNBC News
- Donald Trump’s tax bill would be a boon for richest Americans, says watchdog Financial Times
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