The GOP Is Robbing Poor Peter to Pay Rich Paul #ABlueView

This new "estimate sought to analyze the full scope of the Republican tax package, computing the effects of the tax cuts as well as the plan to pay for them by slashing federal spending on other programs."

"People making between about $51,000 & $17,000 could lose about $700 on average in after-tax income beginning in 2026... when factoring in both wages & federal aid. That reduction would worsen over the next 8 years."

"People reporting less than $17,000 in income would see a reduction closer to $1,000, on average, also increasing over time, a shortfall that underscores their reliance on federal benefits."

"By contrast, the top 0.1%, including those with incomes over $4.3 million, would gain on average more than $389,000 in after-tax income in 2026, the data show."

Source: https://tinyurl.com/yzuba3t9 (free)