The Most Regressive Bill in, well, History
Trump Republicans want to take from the poor and working class and give to the rich
Friends,
The giant Trump Republican bill now before the Senate — Trump’s so-called “One Big Beautiful Bill” — cuts taxes for high earners and reduces benefits for the poor and working class.
This would make it more regressive — harming low-income Americans while benefiting high-income Americans — than any major tax or entitlement law in many decades, if not in history, according to new estimates by the Congressional Budget Office.
It 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.
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