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 ...
Baloney. More RAT BS.
The 2025 tax bill is essentially a renewed 2017 bill.
Exactly. Liars.
Long passed time for them to have some skin in the game.
Guess there’s still a lot of communist-flushing to do on Capitol Hill...
Stephen Moore: “Why the Congressional Budget Office almost always gets it wrong”
Probably cuts in refund check.
CBO - an organization masquerading as an objective financial organization when in reality it’s just another arm of the Democrat Propaganda Machine staffed almost entirely by Democrats.
Medicare and cuts to SNAP are not tax cuts.
Now, if they’re in the bill, that’s that. But the headline said “Tax Bill” implying that it’s related to taxes only.
Requiring work from able-bodied adults in order to receive benefits shouldn’t even be brought into question. If that’s what the CBO is complaining about, then they can go pound sand. There are WAY too many people in America that are enjoying a free ride - that live off of MY tax dollars, but don’t have any skin in the game, so to speak.
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