President Donald Trump鈥檚 One Big Beautiful Bill would cause the lowest earners to lose money and the highest earners to gain money if passed. Projections by the nonpartisan Congressional Budget Office estimate that the bottom 10% of earners would lose about $1,600 annually. Most of that loss comes from proposed federal spending cuts to Medicaid and food stamps, and stricter work requirements.The difference won't be felt immediately by low-income households. The lowest income households can expect to lose about $400 in 2026, ramping up to that average of $1,600 annually from 2026-2034 as programs are rolled out.On the flip side, the nation鈥檚 top earners will gain about $12,000 annually, largely due to increased federal tax breaks. In 2026 CBO estimates the top 10% of earners will gain about $17,000.Middle-income households, earning $107,000, could expect to gain $2,000 in the first year should the bill pass as-is. After that, those households would see roughly an average $1,000 gain each year from 2026-2034.The gain or loss factors in the amount each household will owe in federal income taxes and how much they will receive in Social Security, Medicaid, food stamps and other benefits. It also factors in the proposed no tax on tips and overtime wages. The chart below shows the average percentage a household would gain or lose annually from 2026-2034.The bill was passed in the House on May 22 and is currently under review in the Senate. Trump has given Congress until July 4 to get the bill to his desk for signature.PHNjcmlwdCB0eXBlPSJ0ZXh0L2phdmFzY3JpcHQiPiFmdW5jdGlvbigpeyJ1c2Ugc3RyaWN0Ijt3aW5kb3cuYWRkRXZlbnRMaXN0ZW5lcigibWVzc2FnZSIsKGZ1bmN0aW9uKGUpe2lmKHZvaWQgMCE9PWUuZGF0YVsiZGF0YXdyYXBwZXItaGVpZ2h0Il0pe3ZhciB0PWRvY3VtZW50LnF1ZXJ5U2VsZWN0b3JBbGwoImlmcmFtZSIpO2Zvcih2YXIgYSBpbiBlLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdKWZvcih2YXIgcj0wO3I8dC5sZW5ndGg7cisrKXtpZih0W3JdLmNvbnRlbnRXaW5kb3c9PT1lLnNvdXJjZSl0W3JdLnN0eWxlLmhlaWdodD1lLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdW2FdKyJweCJ9fX0pKX0oKTs8L3NjcmlwdD4=
WASHINGTON — President Donald Trump鈥檚 would cause the lowest earners to lose money and the highest earners to gain money if passed.
Projections by the nonpartisan estimate that the bottom 10% of earners would lose about $1,600 annually. Most of that loss comes from proposed federal spending cuts to Medicaid and food stamps, and stricter work requirements.
The difference won't be felt immediately by low-income households. The lowest income households can expect to lose about $400 in 2026, ramping up to that average of $1,600 annually from 2026-2034 as programs are rolled out.
On the flip side, the nation鈥檚 top earners will gain about $12,000 annually, largely due to increased federal tax breaks. In 2026 CBO estimates the top 10% of earners will gain about $17,000.
Middle-income households, earning $107,000, could expect to gain $2,000 in the first year should the bill pass as-is. After that, those households would see roughly an average $1,000 gain each year from 2026-2034.
The gain or loss factors in the amount each household will owe in federal income taxes and how much they will receive in Social Security, Medicaid, food stamps and other benefits. It also factors in the proposed no tax on tips and overtime wages.
The chart below shows the average percentage a household would gain or lose annually from 2026-2034.
The bill was passed in the House on May 22 and is currently under review in the Senate. Trump has given Congress until July 4 to get the bill to his desk for signature.
