CBO: Trump Tax Law Benefits the Rich, Hurts the Poor

Thursday, August 14, 2025

President Donald Trump's tax and spending law will result in less income for the poorest Americans...

Posted by Corky at 08:08 AM | 35 COMMENTS | permalink

A new CBO analysis shows Trump's tax law cuts income for the poorest 10% by $1,200 per year.[image or embed]
-- Bloomberg News (@bloomberg.com) Aug 11, 2025 at 3:30 PM

Comments

... Trump Taxes Benefit the Rich, Hurt the Poor ...

Well, yeah.

What else did you expect?

#1 | Posted by LampLighter at 2025-08-12 10:53 PM

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."

'This really is a big, beautiful bill for billionaires, but for the poor and the working class in this country, you are actually poorer," said Rep. Brendan Boyle, the top Democrat on the House Budget Committee, in an MSNBC interview on Monday."

;;

All I can say is, Thanks Again, Trumpers!!

#2 | Posted by Corky at 2025-08-12 10:57 PM

Haven't you heard, higher prices and taxes are good for the country.

#3 | Posted by fresno500 at 2025-08-12 11:00 PM

I see that our Trumpers don't want to talk about their own CBO Report.

Which shows exactly what Dems said it would... Billionaire Tax Cuts much more important than middle class tax cuts, and the poor paying for all of it.

#4 | Posted by Corky at 2025-08-13 01:24 PM

Trumpers don't want to talk about ~~their own~~ the Deep State hoax CBO Report.

#5 | Posted by REDIAL at 2025-08-13 01:34 PM

Is Trump's Fascist illegal takeover of law enforcement in Washington D.C. in preperation for the protests that will surely come as millions are stripped of their healthcare and food assistance even as food prices are rapidly rising. We need another "million man march" on Washington but would that be a "Kent State-like" slaughter? Is that what Adolph Trump is hoping for?
What if the National Guard troops just refused to shoot down American citizens for protesting? I do realize there has probable been some infiltration of the National Guard by Fascists but I do not believe they are the majority of the troops.

#6 | Posted by danni at 2025-08-14 08:26 AM

There may not be a lot of fascists in the N.G., but there are a LOT of sheep. "I was just following orders."

#7 | Posted by mattm at 2025-08-14 08:33 AM

Yeah but what you don't understand is that it is worth thousands of dollars to magat scum to make sure noted trans swimmer Lea Thompson can't swim with girls anymore

#8 | Posted by truthhurts at 2025-08-14 08:36 AM

That was the plan all along.

Their goal has always been to shift the cost of government onto the back of the middle class and off of the wealthy. If they could pass a tax bill that taxed income over $600K at 0% while imposing a 20% sales tax on everything they would.

The whole point of the tariffs is to make the middle class pay hundreds of billions more in taxes.

Why any idiot that makes less than $600,000 votes for these asshats is beyond me.

#9 | Posted by Nixon at 2025-08-14 08:37 AM

I think the SALT deduction increase is a factor in this. For me alone that's going to help by $3K or more.

#10 | Posted by eberly at 2025-08-14 08:59 AM

They believe that one day they too will be very wealthy, and when they are they don't want to pay a lot of taxes.

"To whom much is given, much is expected."

Or from the original, JC speaking:

"From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked".

Which has obviously been left out of their copy of the Bible they are always pounding.

#11 | Posted by Corky at 2025-08-14 09:01 AM

This is just another fine example of American Robber Baron exceptionalism. Thank Yahweh we're looking out for them.

#12 | Posted by lee_the_agent at 2025-08-14 09:02 AM

-Why any idiot that makes less than $600,000 votes for these asshats is beyond me.

why that threshold?

You think someone who makes $500K a year and pays over 30% of that income in federal, state and property taxes isn't going to be interested in which party wants to lower that tax bill?

You're calling them an idiot.

Why? There are plenty of reasons why folks in that income bracket vote for democrats and that's fine. I do as well.

But don't make it about tax policy.......that's something folks in that income range have to get past in order to vote for democrats......if you want to call them an idiot then fine.

#13 | Posted by eberly at 2025-08-14 09:09 AM

"Why any idiot that makes less than $600,000 votes for these asshats is beyond me."

"why that threshold?"

What a pointless question.
What's a better threshold then?

#14 | Posted by snoofy at 2025-08-14 09:10 AM

#10 | Posted by eberly

Beverley is winning, so, it's all good.

#15 | Posted by Angrydad at 2025-08-14 09:11 AM

"But don't make it about tax policy"

Fun fact:

Tax policy is connected to virtually everything government does, because taxation is the source of virtually all government revenue.

Eberly is clucking at us, don't you dare connect the Tax policy that calls for Medicaid cuts, to the Spend policy that calls for Medicaid cuts.

When you're a Republican, those two things are Totally Unrelated!

#16 | Posted by snoofy at 2025-08-14 09:14 AM

#15

That's definitely the Republican Standard.

"I got mine, F everyone else".

#17 | Posted by Corky at 2025-08-14 09:15 AM

"these asshats"

and while you're at it....define "asshats".

President, Congress, State legislature, city commissioner, school board? These folks all have an impact on your tax bill.

You've voted, right? You've seen an actual ballot?

There are plenty here who haven't actually seen a ballot or they're clearly too stupid to understand one.

I'm hoping you're not one of them.

#18 | Posted by eberly at 2025-08-14 09:16 AM

-Beverley is winning,

Thank you. But it's about paying more or less and if you can actually tell the difference.

Which is in doubt.

#19 | Posted by eberly at 2025-08-14 09:17 AM

It's about everyone getting a fair shake, and not who has the most toys.

#20 | Posted by Corky at 2025-08-14 09:19 AM

-It's about everyone getting a fair shake

more phrases you can't define.

"fair shake"? What does that mean?

Specifically for the guy making $500K a year you think in an idiot.

#21 | Posted by eberly at 2025-08-14 09:21 AM

""I got mine, F everyone else"."

Especially the rich punk in the White House who has never worked a day in his priveleged life!

#22 | Posted by danni at 2025-08-14 09:21 AM

If you think $600K is a poor threshold then feel free to change it. Nixon threw it out probably with no real thought as to why.

Who is an idiot for voting for a republican because of their income level? Forget Trump for a moment..and just make it about the GOP in general.

No question folks who make the median income.....$60-70K or whatever.....I can see that argument as to why that's clearly voting against your own interest.

but where does it start to be voting IN your best interest to vote for the GOP? I'm specifically referring to their bottom line. income after taxes(all taxes), investment performance, etc...

#23 | Posted by eberly at 2025-08-14 09:25 AM

Obviously a fair shake is Equal Protection Under the Law.

But asking for definitions is a tried and true obfuscation.

#24 | Posted by Corky at 2025-08-14 09:26 AM

"If they could pass a tax bill that taxed income over $600K at 0% while imposing a 20% sales tax on everything they would."

Heard Trump just a few days ago bragging that tariffs were going to bring in so much revenue that we could just eliminate income tax which, in essence, is exactly what you just posted.

#25 | Posted by danni at 2025-08-14 09:28 AM

-Equal Protection Under the Law.

with tax brackets?? Do you even know that Equal protection under the law means?

-But asking for definitions is a tried and true obfuscation.

No it isn't. It's just an admission that you lack the aptitude to participate in the discussion. Don't feel bad. You're not alone.

There are plenty of subject matters I lack the aptitude to participate in.....

#26 | Posted by eberly at 2025-08-14 09:28 AM

Probably made (to the rich).

Promises kept (to the rich)!

#27 | Posted by donnerboy at 2025-08-14 09:39 AM

"Equal Protection Under the Law."

It is a joke to mention "equal protection under the law" with this priveleged felon in the WH, right? For most American men cavorting with a 13 year old would have been punished by serious jail time and a "sex offender" label for life! But some are treated quite differently both lefally and popularly, Trump's MAGA cultists know he did it but overlook it for those born with silver cocain spoons in their noses.

#28 | Posted by danni at 2025-08-14 09:44 AM

#26

The only real aptitude you have is personal attacks to avoid almost any subject.

"If Bev ever posts more about the subject of any thread than he does the posters on it... a comet may hit the earth and destroy it!

So... keep on with what you are doing, 'little fellow'."

drudge.com

#29 | Posted by Corky at 2025-08-14 09:44 AM

JFC you are such a pussy.

I'm the only one on this thread trying to be on topic.

I know this was more fun when you could just quote a bible verse and how people don't understand them.

I'll let you go back to that.......

#30 | Posted by eberly at 2025-08-14 09:49 AM