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CBO Analysis: Republican Tax Legislation Disproportionately Burdens Low-Income Americans, Benefiting Top-Tier Income Earners.

CBO Analysis: Republican Tax Legislation Disproportionately Burdens Low-Income Americans, Benefiting Top-Tier Income Earners.

C2🇨🇳 中文🇺🇸 English

June 13th, 2025

CBO Analysis: Republican Tax Legislation Disproportionately Burdens Low-Income Americans, Benefiting Top-Tier Income Earners.

C2
Please note: This article has been simplified for language learning purposes. Some context and nuance from the original text may have been modified or removed.

Summary🇺🇸 English

According
根据,依据
to
到;去;往
an
一个
analysis
分析
conducted
进行,实施
by
the
這, 那, 這個, ...
Congressional
国会的
Budget
预算
Office(
办公室;政府部门
CBO)
预算办公室
the
這, 那, 這個, ...
Republican
共和党人
tax
bill,
法案
in
its
它的
House-
白宫
approved
批准
iteration
重复,迭代

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🇨🇳 中文

An analysis by the Congressional Budget Office (CBO) posits that the Republican tax legislation, as passed by the House of Representatives, could engender an annual decrement of approximately $1,600 for the most impecunious Americans, juxtaposed against an average annual increment of roughly $12,000 for the wealthiest households; households in the median income bracket, however, may experience a marginal accretion of between $500 and $1,000 annually.

The proposed austerity measures impacting low-income households stem from curtailments to social safety net programs, encompassing Medicaid and the Supplemental Nutrition Assistance Program; the legislation further contemplates expanding work requirements for food assistance eligibility and instituting novel "community engagement requirements" for Medicaid, while certain Republicans, including Treasury Secretary Scott Bessent, contest the CBO's analysis, positing potential economic cataclysm should the bill fail to pass, though the CBO maintains that revenue from tariffs would offset the tax reform bill's incurred costs.

June 13th, 2025

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