CBO Report Exposes "Big Beautiful Bill" as Tax Giveaway to the Wealthy

A new report from the nonpartisan Congressional Budget Office (CBO) has cast doubt on claims made by Republicans regarding their "Big Beautiful Bill." The CBO analysis indicates that the bill would disproportionately benefit the wealthy, leading to significant tax cuts for high-income households. "This is what Republicans are fighting for — lining the pockets of their billionaire donors while children go hungry and families get kicked off their health care," stated Brendan Boyle, a Pennsylvania Democrat on the House Budget Committee. The CBO projects that the top 10 percent of households could see their household resources rise by 4 percent by 2027 and 2 percent in 2033, largely due to tax reductions. This analysis directly contradicts Republican assertions that the bill would protect Medicaid and avoid tax increases. The discrepancy between Republican claims and the CBO's findings has sparked intense debate, highlighting the complexities of the legislation and its potential impact on different income groups.