Trump bill helps wealthy, hurts low earners: Yale report
John Thune (R-SD), the majority leader of the Senate, speaks at a press conference on 17 June 2025 at a press conference following the weekly Senate Republican policy at the US Capitol in Washington.
Anna Moneymaker | Getty Images News | Getty Images
According to the Yale Budget Laboratory, a great legislative package that the Senate Republicans are trying to pass this week will increase the income of richer households, while financially damaging the lowest winning Americans analysis It was released on Monday.
“A great beautiful bill lawAccording to YALE analysis, it will reduce income for the lower 20% of the households (about $ 700). The income of these households is less than $ 13,350.
In the study, the big bill found that the best 20% would increase revenue by 2.2% ($ 5,700) and earn more than about $ 120,000.
According to the analysis that model the public policies in the Senate Law on Monday morning, these financial effects are what the average household will survive every year from 2026 to 2034 each year.
“The draft removes resources from the sources at the bottom end. [income] Yale Budget Laboratory Economic Analysis Director Harris EPPPsteiner.
Bill ‘Sharply Cuts’ Medicaid, Snap expenditures
Yale findings are similar to other latest analyzes that determine that GOP’s policies will be clearly regressing if the policies of GOP enter into force.
The reason for this is that the design of the bill “sharply cut” and the Additional Nutrition Aid Program (SNAP), known as food stamps, said that a number of tax deductions in the legislation have provided greater financial benefits for richer households.
Republicans aim to take the local policy package on Trump’s desk until the last delivery dates that were imposed on July 4.
If the Senate measures passed – and the provisions may change before the deputies vote for the bill – the bill would return home to be approved.
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Yale analysis includes the main provisions of the bill, but does not model the full scope of the Senate legislation. For example, it does not model changes in the Federal Student Loans, which will make it more expensive for borrowers, in the appropriate maintenance law (called obamacare).
Congress budget office, which is a non -partisan scorer, is a more comprehensive analysis The original invoice spent by GOP controlled house in May.
CBO has reached 10% of the households Between 2026 and 2034, it would lose $ 1,600 (about 3.9% of the income) a year. The first 10% will earn an average of 12,000 dollars or 2.3% of income.
The center of the GOP invoice is an extension of the temporary tax cuts implemented in 2017 during Trump’s first term of office. Legislation is also a tool for some campaign promises, as well as other policies, as well as the President’s reducing taxes for the elderly and tip workers.
According to the Tax Foundation, approximately 62% of the households will receive tax reduction from tax measures in the Senate Law analysis Tuesday. The first 20% of households will achieve the most important financial benefit as a percentage of their income.
However, the measure would cut billions of dollars from Medicaid and Snap to help pay multitrillion -dollar tax cuts of the bill.
Epsteiner said it was designed to help people at the bottom end of the income distribution of Snap and Medicaid. The authority said that the financial gains obtained from tax cuts for these households will “completely outweigh” with interruptions made to Medicaid and Snap.
CBO estimates the bill it would add In the next decade, before the interest, a total of 3.3 trillion dollars. According to a responsible federal budget committee, it would be about $ 4 trillion by interest until 2034.
