Budget office says GOP's 'big, beautiful bill' will make rich richer, poor poorer [View all]

Source: The Hill

08/11/25 4:34 PM ET


The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest earners the most, according to an analysis released Monday by Congress’s budget arm.

The assessment, conducted by the Congressional Budget Office (CBO) at the request of top Democrats, found that the top 10 percent of earners in the country will see an average boost of $13,600 per year over the next decade as a direct result of provisions in the law, while the bottom 10 percent will see an average annual decrease of $1,200.

The report challenges the arguments made by President Trump and other Republicans that the massive domestic policy package would benefit workers at all levels of wealth and income. And it’s given fuel to the attacks from Democrats that the legislation was, all along, designed to help the wealthiest people at the expense of the working poor.

“They just confirmed Trump is enriching his billionaire friends at the expense of American families,” Rep. Brendan Boyle (Pa.), the senior Democrat on the House Budget Committee, posted Monday on social platform X after the CBO report was released. “It is the largest transfer of wealth from working Americans to the ultra-rich in history.”

Read more: https://thehill.com/homenews/house/5447001-trump-tax-cuts-cbo-inequality/