Washington (AP) – President Donald Trump’Stax and the expenditure law will lead less income for the poorest Americans while sending money to the richest, reported the non -partisan budget office on Monday.
The CBO estimates that the 10% of the poorest Americans will lose around 1,200 US dollars a year because they experience restrictions on state programs such as medicaid and food aid, while the richest 10% of Americans will enhance their income income by $ 13,600 from tax reductions. Overall, American households will achieve more income from tax cuts in legislation, including households with medium -sized incomes, but the greatest advantage will operate the top 10% of earnings.
The CBO report comes because the legislator is not removed in Washington and many take over their messages about the legislative template to the voters. The Republicans had to see the legislation – as “the big, beautiful bill” by Trump by the congress in July. The Democrats were all vehemently against legislation and warned that their tax cuts and expenditure priorities would go at the expense of vital state aid programs and a bale debt by the bale directors.
“This is really a big, beautiful bill for billionaires, but for the poor and the working class in this country they are actually poorer,” said Rep. Brendan Boyle, the best democrat in the budget committee, in an MSNBC interview on Monday.
The CBO found changes to the authorization to support the food of the government as part of the law will affect millions of Americans. For many recipients, around 2.4 million people are not entitled to the supplementary program to support the supplementary nutritional aid. Americans with low incomes could also see that their income is reduced by further restrictions on food aid and other types of support that are included in the law.
It is already expected that more than 10 million Americans will lose health insurance by 2034 due to changes to Medicaid.
After the publication of the report, Rep. Jason Smith, the Republican Chair of the House Ways and Means Committee, said he had questioned the CBO methodology and repeated criticism that he had made in the past.
“CBO has a restless record of success in doing his estimates wrong and, like Democrats in favor of more federal expenditure and higher taxes, is biased,” said Smith on social media. “Don’t buy it.”
The Republicans endeavored to sell the weakening of the legislation – on the grounds that tax cuts will boost economic growth – while they have a month -long summer break from Washington. But those who held Townhalls in their home districts were often welcomed by voters and activists.
“Control the rich”, the crowd in Lincoln, along with, last week when Republican MP Michael Flood tried to defend the bill.
Nevertheless, Trump was undeterred.
“President Trump’s great legal board like never before is in the first place to achieve hard -working families enormous savings, strengthen our economy and secure our limits,” said Abigail Jackson, deputy press spokesman for the White House last week in a statement.
