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Posted: 2025-07-01 12:18:55 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-07-01 12:19:48 UTC
Verified By
Rollup News
The Trump tax bill negatively impacts low-income Americans, causing the bottom 20% to lose $560 annually, while the top 20% gain over $6,000, according to Yale’s Budget Lab.
Low-income Americans lose $560 a year.
Top 20% gain over $6,000 annually.
Tax breaks at the top and cuts to Medicaid and food aid at the bottom cause the gap.
Tax breaks disproportionately favor the wealthy.
Cuts to Medicaid and food aid negatively affect low-income individuals.