Trump Tax Law Squeezes Poor, Boosts Income for Wealthy, CBO Says

“The poorest 10% of households will lose an average of about $1,200 in resources per year, amounting to a 3.1% cut in their income, according to the analysis released Monday of the “One Big Beautiful Bill Act.” Households in the highest 10% of incomes will see about a $13,600 boost in resources on average, amounting to a 2.7% increase in their incomes.

Earners in the middle of the distribution will see their annual resources grow by about $800 to $1,200 on average, according to the analysis.”

https://finance.yahoo.com/news/trump-tax-law-squeezes-poor-185207334.html

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