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

President Donald Trump’s budget bill would sap resources away from the poorest households in the U.S. while giving tens of thousands of dollars to the richest Americans on an annual basis, the Congressional Budget Office (CBO) has found in a new analysis. Last month, CBO reported that Trump’s “One Big Beautiful Bill” would decrease the wealth of the poorest 10 percent of households by 4…

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