Trump's Tax Law to Benefit the Richest, Leave the Poorest With Less - Federal Agency

NAMPA / Sputnik

2025-08-12

MOSCOW, August 12 (RIA Novosti) - US President Donald Trump's tax and spending law will benefit the richest Americans, while making the poor even poorer, the Congressional Budget Office said in an analysis of the law's distributional effects. "CBO estimates that … resources for households in the lowest decile (tenth) of the income distribution will decrease by about $1,200 per year … Those projected decreases are mainly attributable to reductions......

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