CBO: The poor get a $1,200 income cut and the rich get a $13,600 boost from Trump’s tax law

Why This Matters

Overall, American households will see more income from the tax cuts in the legislation, including middle income households, but the largest benefit will go to the top 10% of earners.

August 12, 2025

12:20 PM

3 min read

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The Federal Reserve's actions could influence market sentiment across sectors

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How might the Fed's policy stance affect borrowing costs and economic growth?

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