A report from the Congressional Budget Office (CBO) suggests that the new tax bill from the U.S. House of Representatives could cause poorer Americans to lose about $1,600 each year, while wealthier families might gain around $12,000. Families with average incomes could see their income increase by $500 to $1,000 annually. The bill plans to reduce social programs like Medicaid and food assistance, which would affect low-income families. Some Republicans do not agree with the CBO's report, but the CBO says that money from tariffs would pay for the tax bill.