Tuesday, August 12, 2025

CBO: Trump Taxes Benefit the Rich, Hurt the Poor

WASHINGTON (AP) " President Donald Trump'stax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday.

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

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