“It’s shameful”: CBO finds lowest-income families will take big hit under GOP’s “beautiful” bill

The “beautiful bill” will cost the lowest income families in the country about $ 1,600 a year, according to what he said analysis by Congress Budget Office (CBO) released on Thursday.

This total is approximately 4 % decrease in federal resources for families in the 10 % of the 10 % of income distribution. The loss is caused primarily to Discounts In the benefits of Medicaid and Snap, according to the analysis of the non -partisan Omani Bank.

On the contrary, families resources at the top of 10 % will increase by $ 12,000, which represents an estimated 2.3 % growth. It is expected that families in the middle of the income distribution will see a modest increase in federal resources. The increases of these groups come largely from tax cuts.

“The Central Bank of Oman has already confirmed that Republicans in the House of Representatives are planning to strip health care of 16 million people – only to help pay the price of tax exemptions for billionaires,” a member of the Budget Committee in the House of Representatives Brendan BoyleD-PA, joint in a statement. “Now the recent non -party judgment analysis shows that this will be one of the largest transfers of wealth from families working to the wealthy in American history. It is a shameful matter.”

Boyle was one of the democratic legislators to request the report from the budget office. In an accompanying publication on X, he wrote that Trump literally steals from the poor to give the wealthy. “

Legislation approved the House of Representatives 215-214 voting in MayBut it has not yet been voted in the Senate.