The benefits of the GOP’s tax legislation, titled “The Big Beautiful Bill” are heavily skewed toward the richest households in the U.S., while reducing resources for the poorest, according to multiple analyses of the Republican proposition that recently passed the House of Representatives.
That’s because while the bill expands on the 2017 Tax Cuts and Jobs Act and benefits some home owners, there are also significant cuts to social safety net programs like Medicaid and the Supplemental Nutrition Assistance Program (SNAP). As such, low earners could wind up worse off.
