Post Reports Who wins and loses with Trump's tax bill?
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Jun 30, 2025 Jacob Bogage, a Congressional economics correspondent for The Washington Post, breaks down Trump's controversial tax bill and who stands to gain the most from it. He reveals the complexities of the legislation and the political divisions within the Republican party. The discussion highlights significant cuts to social programs and the potential increase in national debt. Bogage also sheds light on public opposition and the urgent need for lawmakers to navigate the legislative challenges to pass this pivotal bill.
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Low-Income Family's Tax Impact
- A married couple with two kids making $50,000 in Pennsylvania loses $655 under Trump's tax bill due to Medicaid and SNAP cuts.
- The loss offsets tax benefits like no tax on tips and overtime, highlighting real family impacts.
Wealthier Family Benefits More
- A married couple with two kids making $250,000 in Pennsylvania gains $11,226 under the tax bill.
- Their benefit shows the disparity, as wealthier households gain significantly more.
Tax Cuts Paired With Benefit Cuts
- The tax bill extends the 2017 cuts while increasing standard deductions and child tax credits.
- It offsets these with over $1.1 trillion in Medicaid and SNAP cuts plus $3.3 trillion borrowing.