The Damage Report
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Republican Tax Plan BUSTED As Colossal Consequences Unveiled By Budget Office
Posted
August 12, 2025
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66,033
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August 12, 2025
66,033
3,768
256
6.09%
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5:10Now PlayingRepublicans’ domestic policy legislation, pushed by House Speaker Mike Johnson and Donald Trump, is officially revealed to have colossal consequences on the economic divide in the US , found by the the nonpartisan Congressional Budget Office, with the richest Americans having their after tax income rising while the working class sinking from higher bills for programs that are no longer aided through government funding, including Medicaid, food stamps and more. John Iadarola and Sen. Nina Turner break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Richest Gain Most and Poorest Face Steepest Cuts Under G.O.P. Law, Analysis Finds
"The Republicans’ domestic policy legislation will most likely raise after-tax incomes of the richest Americans while its cuts to social spending will leave the poorest at a substantial disadvantage, according to an analysis released on Monday by the nonpartisan Congressional Budget Office.
The report also estimated that millions of low-income Americans could lose access to federal food assistance or Medicaid under the sweeping bill that President Trump signed into law last month.
This highly regressive pattern — both cutting the safety net for the poor and reducing taxes for the rich — has no precedent among large budget bills passed in the last 40 years."
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