Trump’s ‘Big, Beautiful’ tax bill would cost poor Americans $1,600 a year while boosting highest earners by $12,000, CBO says

fortune.com/2025/06/13/trump-gop-big-beautiful-tax-bill-cbo

The Republican tax bill approved by the U.S. House of Representatives 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, according to a new analysis released Thursday by the Congressional…

This story appeared on fortune.com, 2025-06-13 08:52:50.
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