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Trump’s Tax Law Will Hurt the Poorest

August 12, 2025 · 7:02 am ET · Leave a Comment

Associated Press: “The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid and food assistance, while the richest 10% of Americans will see their income increase by $13,600 from tax cuts.”

Punchbowl News: “Democrats requested the new data from the non-partisan CBO, and they’ve been quick to seize on it. Democrats have been hammering the GOP over Medicaid cuts and tax cuts for the wealthy, making that contrast the core of their political message on the law.”

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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