June 13th, 2025
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A new tax plan in the US might make poor people lose about $1,600 every year. But rich families could get around $12,000 more each year, according to a report. People with middle incomes might get about $500 to $1,000 more yearly. The plan would cut money from programs that help poor people, like health and food programs. To get food help, some people might need to work more. Some people do not agree with the report. They say that if the tax plan does not pass, it could hurt the economy. But the report also says that the tax plan's cost could be paid for by money from taxes on imported goods.
June 13th, 2025
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