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Friday, December 5, 2025

Trump’s tax law will mostly benefit the rich, while leaving poorer Americans with less, CBO says

WASHINGTON (AP) — President Donald Trump’stax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday. The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as …

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