Pay more taxes and receive less
Briefly

A report from the Congressional Budget Office reveals that if the GOP's budget reconciliation bill is enacted, households in lower and middle-income brackets will see their income decrease while the wealthiest, particularly the top 0.1%, will experience substantial gains. This proposed restructuring results in poorer families shouldering a larger portion of the federal deficit without receiving adequate benefits. As described by G. Elliott Morris, this creates a scenario of 'paying more for less,' highlighting the inequality in the distribution of income and government support in this fiscal policy.
The GOP's budget reconciliation bill creates a scenario where the poor and middle class see their income drop, while the wealthy, particularly the top 0.1%, benefit significantly.
G. Elliott Morris critiques the proposed budget as a policy where lower-income families will pay more yet receive fewer government benefits, a clear imbalance.
The CBO report highlights a troubling trend where federal deficit burdens increasingly fall on middle-income and poor families, marking a shift in fiscal responsibility.
The graphical data from the CBO illustrates that while the lower deciles experience stagnation, the upper earners are positioned to reap substantial financial gains.
Read at FlowingData
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