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CBO, Trump and tax law

Trump’s tax law will mostly benefit the rich, while leaving poorer Americans with less, CBO says

President Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the riches, according to a new report from the nonpartisan Congressional Budget Office.

Yahoo · 2d

Trump's tax law will benefit the rich at the cost of the poor, CBO analysis finds

The Congressional Budget Office estimates that the poorest Americans could lose more income annually compared to rich people due to President Donald Trump's tax legislation.

Reuters on MSN · 3d

10 million Americans will go uninsured due to Trump tax and spend law, CBO estimates

Ten million more Americans will be uninsured in the next decade due to changes in President Donald Trump's tax and spend law, according to an estimate by the Congressional Budget Office.

27d

CBO finds health agency cuts would result in fewer new drugs

Potential NIH and FDA cuts could lower the number of new drugs that come to market in the next three decades, according to a ...

President Trump’s spending bill could cost low-income El Pasoans $1,200 a year, CBO finds

Trump’s spending bill will cut aid for low-income families, costing most $1,200 yearly, while boosting wealthy incomes by $13 ...

3don MSN

Budget office says GOP’s ‘big, beautiful bill’ will make rich richer, poor poorer

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest earners the most, according to an analysis released Monday by ...

Explícame on MSN2d

CBO says Medicaid and SNAP cuts hit poor as tax breaks favor wealthy

The CBO reports recent laws cut Medicaid and SNAP for low-income families while giving tax breaks to the wealthy, widening ...

3don MSN

2.4 million people expected to lose food stamps after Trump agenda law broadened work requirements, CBO says

Some 2.4 million fewer Americans, including families with children, are forecast to receive food stamps benefits in an ...

10don MSN

CBO projects ‘big, beautiful bill’ would add $5 trilllion to deficit if temporary tax cuts extended

The Congressional Budget Office (CBO) informed Senate Budget Committee ranking member Jeff Merkley (D-Ore.) in a letter ...

21h

Bondi: Man who threw sandwich at CBO officer worked at DOJ

Attorney General Pam Bondi says the man who threw a sandwich at a U.S. Customs and Border Protection agent in Washington, D.C ...

USA Today8y

What is the CBO, and why does its ‘score’ on the Obamacare repeal ...

The CBO is an independent, nonpartisan office that analyzes the budgetary impact of proposed legislation. It was created by Congress in 1974 and operates by rules and regulations set by the House ...

CBO report: SNAP rule change could cost 2 million Americans their SNAP food benefits each month

A new federal law may strip over 2 million Americans of their SNAP benefits monthly due to stricter work requirements, warns ...

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