Washington, DC – Today, the nonpartisan Congressional Budget Office, yet again, confirmed that Republicans’ Billionaire Tax Scam is the most regressive law in modern history, raising costs for millions of poor and middle-class families to give tax breaks to the wealthy. CBO’s full analysis is available here.
Key Findings:
- The poorest Americans will see their costs go up by an average of $1,200 a year, while the richest households gain an average of $13,600.
- The bottom 40% of Americans will see their costs increase because of the GOP Tax Law by 2032.
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