Non-partisan report: Trump tax cuts would benefit wealthy at expense of poor

June 12 (UPI) — The House-passed budget reconciliation bill promoted by the Trump administration would benefit higher earners at the expense of lower-income Americans, the nonpartisan Congressional Budget Office reported Thursday. The CBO’s findings said between 2026 and 2034, after-tax federal benefits “would decrease for households toward the bottom of the income distribution, … Continue reading Non-partisan report: Trump tax cuts would benefit wealthy at expense of poor