 
                                                                                                    06/19/2025
                                        This budget bill would raise after-tax incomes of the highest-earning 10 percent of American households on average by 2.3 percent a year over the next decade. It would deliver its biggest benefits to the top 0.1 of 1 percent of households.
At the same time, it would lower incomes for the poorest tenth by 3.9 percent, or by about $1,600 per year per household — mostly by cutting spending on health care (Medicaid), food assistance (food stamps), and other programs that benefit the poor and working class.
The Trump Republican “One Big Beautiful Bill” would be a disgrace under any circumstance. At a time when inequalities of income and wealth in America are wider than they have been in more than 80 years — with the richest Americans taking home near-record amounts of both — and the deficit and national debt already at record levels, the bill is utterly shameful.
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