Non-partisan report: Trump tax cuts would benefit wealthy at expense of poor
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June 12 (UPI) -- The House-passed budget reconciliation bill promoted by the Trump administration would benefit higher earners at the expense of lower-income Americans, the nonpartisan Congressional Budget Office reported Thursday. The CBO's findings said between 2026 and 2034, after-tax federal benefits "would decrease for households toward the bottom of the income distribution, whereas resources would increase for households in the middle and top of the income distribution," the report said. "
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