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CBO, Trump and tax law

Trump’s tax law will mostly benefit the rich, while leaving poorer Americans with less, CBO says

President Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the riches, according to a new report from the nonpartisan Congressional Budget Office.

Yahoo · 1d

Trump's tax law will benefit the rich at the cost of the poor, CBO analysis finds

The Congressional Budget Office estimates that the poorest Americans could lose more income annually compared to rich people due to President Donald Trump's tax legislation.

Reuters on MSN · 2d

10 million Americans will go uninsured due to Trump tax and spend law, CBO estimates

Ten million more Americans will be uninsured in the next decade due to changes in President Donald Trump's tax and spend law, according to an estimate by the Congressional Budget Office.

President Trump’s spending bill could cost low-income El Pasoans $1,200 a year, CBO finds

Trump’s spending bill will cut aid for low-income families, costing most $1,200 yearly, while boosting wealthy incomes by $13 ...

2don MSN

2.4 million people expected to lose food stamps after Trump agenda law broadened work requirements, CBO says

Some 2.4 million fewer Americans, including families with children, are forecast to receive food stamps benefits in an ...

Explícame on MSN1d

CBO says Medicaid and SNAP cuts hit poor as tax breaks favor wealthy

The CBO reports recent laws cut Medicaid and SNAP for low-income families while giving tax breaks to the wealthy, widening ...

19h

CBO report: SNAP rule change could cost 2 million Americans their SNAP food benefits each month

A new federal law may strip over 2 million Americans of their SNAP benefits monthly due to stricter work requirements, warns ...

The Miami Times1d

Republican megalaw helps earners with high and middle incomes, hurts poorest, CBO says

About 10 million people, mostly Medicaid recipients, will lose access to health insurance and 2.4 million fewer people per ...

Goodbye SNAP benefits: CBO projects how many millions will lose food stamps due to work requirements

A recent analysis by the Congressional Budget Office (CBO) has raised alarm bells by projecting that a large number of US citizens will stop receiving food stamps from the SNAP pro ...

26d

CBO finds health agency cuts would result in fewer new drugs

Potential NIH and FDA cuts could lower the number of new drugs that come to market in the next three decades, according to a ...

USA Today8y

What is the CBO, and why does its ‘score’ on the Obamacare repeal ...

The CBO is an independent, nonpartisan office that analyzes the budgetary impact of proposed legislation. It was created by Congress in 1974 and operates by rules and regulations set by the House ...