A new report from the Center for American Progress projects that the Trump administration’s economic policies will leave all but the wealthiest Americans worse off financially. According to the nonpartisan policy institute, by 2027, Trump’s tariffs and policies under his so-called One, Big, Beautiful Bill will have decreased the incomes of all but the top 1 percent of American households—which will be $5,000 richer, per the report. Meanwhile, the 90–99 percent will lose about $675 and the