GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says
- Posted on June 12, 2025
- By Newsday
- 2 Views
GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says
The Republican tax bill approved by the House would cost the poorest Americans roughly $1,600 a year while increasing the income of the wealthiest households by an average of $12,000 annually.
