Press Releases
CBO: Trump’s Tax Scam Will Funnel Money from the Poor to the Rich
Over 2 million fewer Americans will receive food aid while the top 10% of earners in the country will see a boost of over $13k
WASHINGTON, DC – Yesterday, the nonpartisan Congressional Budget Office (CBO) reported that giveaways and program cuts included in Donald Trump’s Big, Beautiful Betrayal will boost the incomes of the top 10% of earners by over $13,000 while the bottom 10% will see an average yearly decrease of $1.2k. Add in SNAP cuts that will push roughly 2.4 million Americans off food aid, plus tariffs set to drain another $2,400 from household budgets in 2025, and it’s clear: under Trump’s agenda, the rich get richer and everyone else pays the price.
Donald Trump and Congressional Republicans’ Big, Beautiful Betrayal is a windfall to the wealthy paid for by everyday Americans who have seen their costs skyrocket under the administration. The latest analysis from the nonpartisan Congressional Budget Office is confirmation that under Trump and congressional Republicans, many Americans can expect to see their costs go up to pay for giveaways to the wealthy and megacorporations.”
