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House Speaker Mike Johnson (R-La.) holds a news conference on June 4, 2025.
(Photo: Tom Williams/CQ-Roll Call, Inc. via Getty Images)
Trump-GOP Budget Bill 'Takes From the Poor and Gives Most to the Rich,' CBO Analysis Confirms
A new report from the Congressional Budget Office estimates that the Republican legislation would cut household resources for the bottom 10% and boost them for the richest 10%, making it "uniquely regressive."
Jun 13, 2025
A new distributional analysis released Thursday by the nonpartisan Congressional Budget Office provided the latest confirmation that the GOP's sprawling budget bill would be highly regressive, further enriching the wealthiest households while leaving low-income families significantly worse off.
The CBO estimated that, if enacted, the House-passed Republican reconciliation package backed by President Donald Trump would slash household resources for the bottom 10% of the income distribution by roughly $1,600 per year over the next decade, primarily due to the bill's massive cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
Households in the top 10%, by contrast, would see their resources increase by around $12,000 annually, the CBO found.
On the left: Bill Clinton’s 1993 deficit reduction bill - taxed the rich and gave to the poor while reducing deficits
On the right: Donald Trump’s 2025 deficit increase bill - takes from the poor and gives most to the rich while increasing deficits pic.twitter.com/mdUiBiTR7u
— Bobby Kogan (@BBKogan) June 13, 2025
Chuck Marr, vice president for federal tax policy at the Center on Budget and Policy Priorities, told The New York Times that the extent to which the Republican bill would redistribute wealth upward is unprecedented in his experience.
"I've never seen anything that simultaneously really goes after poor people and then really helps rich people," said Marr.
The new CBO analysis adds to the growing body of reports detailing the harms the Republican reconciliation bill would inflict on poor households. Last week, the nonpartisan body estimated that the Republican bill would strip health coverage from nearly 11 million Americans while exploding the national debt by $2.4 trillion to give tax breaks to the ultra-rich.
The CBO has also found that the Republican attack on SNAP would take food benefits from more than a million people across the United States.
"The GOP reconciliation bill is something we haven't really seen before, and as a result it's uniquely regressive," wrote New York Times reporter Emily Badger, the lead author of an analysis contrasting the Republican bill that's currently before the U.S. Senate with past legislation dealing with the U.S. tax code and safety net.
"To the extent that some prior bills have also been regressive," wrote Badger and her co-authors, "they still haven't looked quite like this."
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congressional budget officeinequalitymedicaidsupplemental nutrition assistance programtax cutsrepublican party
A new distributional analysis released Thursday by the nonpartisan Congressional Budget Office provided the latest confirmation that the GOP's sprawling budget bill would be highly regressive, further enriching the wealthiest households while leaving low-income families significantly worse off.
The CBO estimated that, if enacted, the House-passed Republican reconciliation package backed by President Donald Trump would slash household resources for the bottom 10% of the income distribution by roughly $1,600 per year over the next decade, primarily due to the bill's massive cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
Households in the top 10%, by contrast, would see their resources increase by around $12,000 annually, the CBO found.
On the left: Bill Clinton’s 1993 deficit reduction bill - taxed the rich and gave to the poor while reducing deficits
On the right: Donald Trump’s 2025 deficit increase bill - takes from the poor and gives most to the rich while increasing deficits pic.twitter.com/mdUiBiTR7u
— Bobby Kogan (@BBKogan) June 13, 2025
Chuck Marr, vice president for federal tax policy at the Center on Budget and Policy Priorities, told The New York Times that the extent to which the Republican bill would redistribute wealth upward is unprecedented in his experience.
"I've never seen anything that simultaneously really goes after poor people and then really helps rich people," said Marr.
The new CBO analysis adds to the growing body of reports detailing the harms the Republican reconciliation bill would inflict on poor households. Last week, the nonpartisan body estimated that the Republican bill would strip health coverage from nearly 11 million Americans while exploding the national debt by $2.4 trillion to give tax breaks to the ultra-rich.
The CBO has also found that the Republican attack on SNAP would take food benefits from more than a million people across the United States.
"The GOP reconciliation bill is something we haven't really seen before, and as a result it's uniquely regressive," wrote New York Times reporter Emily Badger, the lead author of an analysis contrasting the Republican bill that's currently before the U.S. Senate with past legislation dealing with the U.S. tax code and safety net.
"To the extent that some prior bills have also been regressive," wrote Badger and her co-authors, "they still haven't looked quite like this."
From Your Site Articles
A new distributional analysis released Thursday by the nonpartisan Congressional Budget Office provided the latest confirmation that the GOP's sprawling budget bill would be highly regressive, further enriching the wealthiest households while leaving low-income families significantly worse off.
The CBO estimated that, if enacted, the House-passed Republican reconciliation package backed by President Donald Trump would slash household resources for the bottom 10% of the income distribution by roughly $1,600 per year over the next decade, primarily due to the bill's massive cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
Households in the top 10%, by contrast, would see their resources increase by around $12,000 annually, the CBO found.
On the left: Bill Clinton’s 1993 deficit reduction bill - taxed the rich and gave to the poor while reducing deficits
On the right: Donald Trump’s 2025 deficit increase bill - takes from the poor and gives most to the rich while increasing deficits pic.twitter.com/mdUiBiTR7u
— Bobby Kogan (@BBKogan) June 13, 2025
Chuck Marr, vice president for federal tax policy at the Center on Budget and Policy Priorities, told The New York Times that the extent to which the Republican bill would redistribute wealth upward is unprecedented in his experience.
"I've never seen anything that simultaneously really goes after poor people and then really helps rich people," said Marr.
The new CBO analysis adds to the growing body of reports detailing the harms the Republican reconciliation bill would inflict on poor households. Last week, the nonpartisan body estimated that the Republican bill would strip health coverage from nearly 11 million Americans while exploding the national debt by $2.4 trillion to give tax breaks to the ultra-rich.
The CBO has also found that the Republican attack on SNAP would take food benefits from more than a million people across the United States.
"The GOP reconciliation bill is something we haven't really seen before, and as a result it's uniquely regressive," wrote New York Times reporter Emily Badger, the lead author of an analysis contrasting the Republican bill that's currently before the U.S. Senate with past legislation dealing with the U.S. tax code and safety net.
"To the extent that some prior bills have also been regressive," wrote Badger and her co-authors, "they still haven't looked quite like this."
From Your Site Articles
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