Oh - this is news to you? Try
here.
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The agency estimates that in general, resources would decrease for households in the lowest decile (tenth) of the income distribution, whereas resources would increase for households in the highest decile.
This analysis includes most, but not all, provisions of the bill. The analysis excludes the effects of part 2 of subtitle D (Affordable Care Act) of the reconciliation recommendations of the Committee on Energy and Commerce, all the recommendations of the Committee on Education and Workforce, and any provisions not allocated in JCT staff’s distributional analysis of the recommendations of the Committee on Ways and Means.2 It also excludes interactions between the titles of the recommendations.
The total effects reported in this analysis for the 2026–2034 period include the following:
· An increase in the federal deficit of $3.8 trillion attributable to tax changes, including extending provisions of the 2017 tax act, which includes revenues and outlays for refundable credits.
· $698 billion less in federal subsidies from changes to the Medicaid program.
· $267 billion less in federal spending for SNAP.
· $64 billion less in spending, on net, for all other purposes. That includes increases in outlays for defense, immigration enforcement, and homeland security. Those are offset by reductions in federal pensions, receipts from spectrum auctions, and changes in receipts and outlays associated with changes to emissions regulations.
· $78 billion in additional state spending, on net, accounting for changes in state contributions to SNAP and Medicaid and for state tax and spending policies necessary to finance additional spending.
CBO estimates that household resources would decrease by an amount equal to about 2 percent of income in the lowest decile (tenth) of the income distribution in 2027 and 4 percent in 2033, mainly as a result of losses of in-kind transfers, such as Medicaid and SNAP (see the figure).3 By contrast, resources would increase by an amount equal to 4 percent for households in the highest decile in 2027 and 2 percent in 2033, mainly because of reductions in they taxes they owe. The distributional effects vary throughout the 10-year projection period as different components of the legislation are phased in and out.
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In summary - those who can ill afford ANY household income reduction lose 2% now - but will lose 4% in coming years.
Those who are already the
greediest, richest people in human history get a nice 4% increase. 4% increase on their EXISTING multi-million or tens of millions in salary income! Nice! It's a reverse Robin Hood - no wonder Trump called it a "Big Beautiful Bill!"
