News & Resources | Press Releases · June 13, 2025

REPUBLICANS’ BILLIONAIRE TAX SCAM WILL “HELP THE RICHEST, HURT THE POOREST”

Washington, DC – Republican efforts to hide the truth about their Billionaire Tax Scam are failing, as millions of Americans are hearing the facts about how this bill will hurt working families. Here are just some of the many headlines Americans are waking up to following stunning new data from the Congressional Budget Office and Yale Budget Lab that shows their policies will take from poor and working class families to give to the ultra-wealthy:

  • Wall Street Journal: GOP Megabill Boosts Wealthy Households While Hurting Poor, CBO Says
  • New York Times: Trump’s Big Bill Would Be More Regressive Than Any Major Law in Decades
  • USA Today: New analysis shows GOP tax bill would decrease resources for poorest Americans
  • AP: GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says
  • ABC: CBO says Trump megabill would cut resources for the poor, help the rich
  • Bloomberg: Trump Tax Bill Would Help the Richest, Hurt the Poorest, CBO says
  • NPR: The GOP’s massive bill would benefit the rich the most — while hitting the poor

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