Trump ‘big beautiful’ bill gives top 1% biggest tax cuts in these states

Trump ‘big beautiful’ bill gives top 1% biggest tax cuts in these states


Key Points
  • Legislation championed by President Donald Trump would give the top 1% of U.S. households an average tax cut of about $66,000, according to the Institute on Taxation and Economic Policy.
  • The highest earners in Wyoming, South Dakota and Texas stand to get a tax cut of more than $100,000 from the bill, formerly called the One Big Beautiful Bill Act.
  • Overall, lower earners would lose money due to a smaller tax cut and changes to Medicaid and SNAP, analyses have found.



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