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 ...
Horse pucky. Da Po’ folks don’t pay taxes. Stop pissin’ on our legs and telling us it’s raining.
Fatima Hussein in now delivering propaganda to the idiot Americans.
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.
The goal should be to keep increasing the level of income that you are not taxed.
That always accurate CBO. (barf)
Cuts of what? They don’t pay any taxes.
how about it...
AP NEWS <<<<<-—— Stopped there
AP=BE.
“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
Lower taxes for workers and investors, less free sh** from the govt for others.
I am going to guess that the poorest Americans are illegal aliens.
Gee, that’s too bad, guess you lazy bastards will have to find gameful employment.
Yeah, show the numbers.
AP says it all.
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.
What a load of BS.
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.
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