The Republican tax bill, having cleared the House, portends a starkly regressive redistribution of wealth, with the Congressional Budget Office (CBO) projecting a potential $1,600 annual loss for the most economically vulnerable Americans, juxtaposed against a $12,000 average income augmentation for the wealthiest households; concurrently, median-income households could experience a more modest incremental gain, ranging from $500 to $1,000 per annum, while proposed curtailments to social safety nets – notably Medicaid and the Supplemental Nutrition Assistance Program – disproportionately impact lower-income demographics through augmented work mandates for food assistance eligibility and the imposition of novel "community engagement" prerequisites for Medicaid access, notwithstanding assertions by figures such as Treasury Secretary Scott Bessent, dismissing the CBO analysis and positing potential economic catastrophe absent the bill’s enactment, countered by the CBO’s assertion that revenue generated from tariffs will offset the tax bill’s inherent expenditure.