CBO: GOP Bill Would Sap $1.6k From Poorest Households, Give $12k to the Richest
Briefly

The Congressional Budget Office has analyzed President Trump's "One Big Beautiful Bill," revealing a significant shift in wealth from the poorest households in the U.S. to the wealthiest. The report indicates that the poorest 10 percent would experience a 4 percent decrease in wealth annually, equating to approximately $1,600 per family. In contrast, the richest households, earning over $170,000, would gain an average of $12,000 annually, collectively increasing their wealth by $168 billion. This bill represents a historic redistribution of resources, taking from those in need and benefiting those who are financially secure.
President Trump's budget bill would lead to a staggering transfer of wealth from the poorest households to the richest, increasing inequality in the U.S.
The Congressional Budget Office estimates that the bill would decrease the wealth of the poorest 10 percent by 4 percent while providing a $168 billion increase for the richest.
Read at Truthout
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