Budget office: Republicans’ megabill would give to the rich and take from the poor
If GOP officials are looking for good news in the Congressional Budget Office's new report on the party's reconciliation package, they won't find any.
A fresh analysis from the Congressional Budget Office said the tax provisions would increase the federal deficit by $3.8 trillion over the decade, while the changes to Medicaid, food stamps and other services would tally $1 trillion in reduced spending. The lowest-income households in the U.S. would see their resources drop, while the highest ones would see a boost, the CBO said.
Of course, the repubs wanted to pass the bill without the insight of the CBO. But the Dems asked for an analysis. It is no surprise the bill will be opposite of Robin Hood's venture. The repubs, as usual, are shooting themselves in the foot. If this bill passes, as it is, there will be a red bloodbath in 2026, beginning in November in Virginia. This bill, coupled with the inflation expected from trump's tariffs will seal the deal.