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GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says
AP NEWS ^ | 06/12/25 | Fatima Hussein

Posted on 06/12/2025 4:12:03 PM PDT by SeekAndFind

WASHINGTON (AP) — The Republican tax bill approved by the U.S. House of Representatives would cost the poorest Americans roughly $1,600 a year while increasing the income of the wealthiest households by an average of $12,000 annually, according to a new analysis released Thursday by the Congressional Budget Office.

Middle-income households would see a boost of roughly $500 to $1,000 per year under Republican President Donald Trump’s tax bill, the CBO found.

The cuts to the lowest-income households come from proposed cuts to social safety net programs including Medicaid and a food assistance program for lower-income people, known as Supplemental Nutrition and Assistance Program.

The bill also proposes expanding work requirements to receive food aid and new “community engagement requirements” of at least 80 hours per month of work, education or service for able-bodied adults without dependents to receive Medicaid. Some proposed tax breaks would be temporary, including a tax break on tips and overtime, car loan interest and a $4,000 increase in the standard deduction for seniors.

Treasury Secretary Scott Bessent and other Republicans have sought to discredit the CBO’s analyses of the bill and say that the U.S. could head toward economic catastrophe if the measure is not passed. GOP Idaho Sen. Mike Crapo said during a Senate Finance Committee hearing on Thursday that the tax bill “recognizes the solution to our debt crisis is not to tax Americans more, it is to spend less.”

(Excerpt) Read more at apnews.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events; US: Minnesota
KEYWORDS: amyklobuchar; associatedpress; astroturf; cbo; congress; demagogicparty; demagogue; dnctalkingpoint; dnctalkingpoints; fatimahussein; mediawingofthednc; minnesota; nevertrump; nevertrumper; nevertrumpers; nevertrumpertrolls; panicporn; partisanmediashill; partisanmediashills; snap; taxcut; taxes
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1 posted on 06/12/2025 4:12:03 PM PDT by SeekAndFind
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To: SeekAndFind

Horse pucky. Da Po’ folks don’t pay taxes. Stop pissin’ on our legs and telling us it’s raining.


2 posted on 06/12/2025 4:14:03 PM PDT by FlingWingFlyer (America is under attack by the Messicans and their scum buddies who are here illegally.)
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To: SeekAndFind

Fatima Hussein in now delivering propaganda to the idiot Americans.


3 posted on 06/12/2025 4:14:48 PM PDT by FlingWingFlyer (America is under attack by the Messicans and their scum buddies who are here illegally.)
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To: SeekAndFind
The cuts to the lowest-income households come from proposed cuts to social safety net programs including Medicaid and a food assistance program for lower-income people, known as Supplemental Nutrition and Assistance Program

what a pantload...so it's really not a reduced income...
4 posted on 06/12/2025 4:15:03 PM PDT by stylin19a ("Death Smiles At Everyone - Marines Smile Back" - 250 years of smiling - 11/10/2025)
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To: SeekAndFind

I’m happily retired now due to my hard work. so I don’t care about poor people...shouldn’t have been born poor in the first place.


5 posted on 06/12/2025 4:18:17 PM PDT by VAFreedom (Wuhan Pneumonia-Made by CCP, Copyright Xi Jingping)
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To: SeekAndFind

The goal should be to keep increasing the level of income that you are not taxed.


6 posted on 06/12/2025 4:18:56 PM PDT by Jonty30 (He was so fat that it took a year for his memory foam mattress to forget him. )
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To: SeekAndFind

That always accurate CBO. (barf)


7 posted on 06/12/2025 4:20:05 PM PDT by Fledermaus ("It turns out all we really needed was a new President!")
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To: stylin19a

Cuts of what? They don’t pay any taxes.


8 posted on 06/12/2025 4:21:10 PM PDT by Judge Bean
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To: Judge Bean

how about it...


9 posted on 06/12/2025 4:22:54 PM PDT by stylin19a ("Death Smiles At Everyone - Marines Smile Back" - 250 years of smiling - 11/10/2025)
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To: SeekAndFind

AP NEWS <<<<<-—— Stopped there


10 posted on 06/12/2025 4:23:30 PM PDT by tsowellfan
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To: SeekAndFind

AP=BE.


11 posted on 06/12/2025 4:24:47 PM PDT by iamgalt
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To: SeekAndFind

“would cost the poorest Americans roughly $1,600 “

How would it “cost” them? They don’t pay any taxes. I’m sure they meant to say they get smaller handouts. Probably just an oversight. /s


12 posted on 06/12/2025 4:25:27 PM PDT by aquila48 (Do not let them make you "care" ! Guilting you is how they. control you. )
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To: SeekAndFind

Lower taxes for workers and investors, less free sh** from the govt for others.


13 posted on 06/12/2025 4:26:21 PM PDT by PGR88
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To: SeekAndFind; aquila48

I am going to guess that the poorest Americans are illegal aliens.


14 posted on 06/12/2025 4:28:29 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: SeekAndFind

Gee, that’s too bad, guess you lazy bastards will have to find gameful employment.


15 posted on 06/12/2025 4:29:32 PM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: SeekAndFind

Yeah, show the numbers.


16 posted on 06/12/2025 4:32:35 PM PDT by TalBlack (Their god is government. Prepare for a religious war.)
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To: SeekAndFind

AP says it all.


17 posted on 06/12/2025 4:33:49 PM PDT by Mlheureux
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To: SeekAndFind

The dishonesty in the AP’s headline is so blatant. By referring to it as a “GOP Tax Bill”, they’re hoping the casual reader will just assume that the “costs” to poor Americans come in the form of increased taxes on the poor rather cuts to wasteful and fraudulent spending in programs like Medicaid.


18 posted on 06/12/2025 4:35:00 PM PDT by mbrfl
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To: SeekAndFind

What a load of BS.


19 posted on 06/12/2025 4:35:28 PM PDT by gibsonguy ( )
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To: SeekAndFind

The Uniparty and RINO’s have been very good to the well-to-do in this Congress. For example, in the BIG BEAUTIFUL BILL the SALT cap raise to $40,000 is PERMANENT (as well as inflation adjusted yearly). On the other hand the Tip and Overtime tax deductions are LIMITED TO FOUR YEARS and then end. This limitation to only four years for the tips, overtime and the CHINTZY senior tax provisions was done to “fund” this DESPICABLE increase of blue state SALT deductions to $40,000 AND MAKE THE INCREASE PERMANENT AND WITH INFLATION INCREASES.


20 posted on 06/12/2025 4:35:33 PM PDT by House Atreides (https://www.youtube.com/watch?v=CnVFlcTy0DcI’m now ULTRA-MAGA-PRO-MAX)
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