The lowest-income earners will lose an average $1,200 in overall household resources each year resulting from the Act of 2025 (P.L. 119-21), while others will see increases, including those in the middle and top percentiles, the Congressional Budget Office told Democrat leaders.
The CBO previously analyzed the distributional effects of the House version of what was then titled the One Big Beautiful Bill Act in June. Four key congressional Democrats asked CBO to provide a similar analysis for the final 2025 budget reconciliation package signed into law by President Trump July 4.
To dig deeper, visit the original article on the Thomson Reuters blog.