Trump tax bill poses limited benefits, higher costs for lower-income Americans
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US President Donald Trump speaks in the Oval Office, on the day he signs executive orders, at the White House in Washington, DC, March 6, 2025. — Reuters
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WASHINGTON: Analysts say US President Donald Trump has promised a relatively FEW increase for the tallest -income Americans, who have suffered a net loss of income under their large -scale tax and spending bill in Congress.
The new tax break is one of the many people that aims to help the working class Americans who are key blocks in Trump’s political alliance. But experts say it will reach only a part of bartenders, hair dressers and other workers who rely on the signal. And those who take advantage of them can benefit from healthcare and lack of food aid.
“If you are thinking about things that help low -income workers, ‘No tax on indications’ will not be too much in my list,” said Martha Jimble, director of the budget lab at Yale University.
Numerous independent analysis has concluded that the bill will now effectively transfer money from the poor Americans to the rich. The non -Partisan Congress budget office came to a similar result.
Nevertheless, the idea of making income tax -free from indicators has gained extensive support, since Trump first introduced a major hospitality industry at a swing state at Nevada last year.
Last month, workers who earn 000 160,000 have been allowed to earn up to 2029 with their gross income annually, although these points will be subject to social security and medical tax.
House Republicans say the bill will provide a tax deduction to the general family in 3,300 tax deductions and that business tax will be higher for workers.
“With any tax on permanent low tax rates and double standard cuts, President Trump’s suggestions, overtime, and auto -loan interest, workers will help their heads, food for their families, and their financial protection and construction of wealth,” said a recent statement.
It is likely that the Senate Republicans will make considerable changes to the bill, which will make Trump’s 2017 tax deductions permanent and enforce other top priorities like immigration crackdown.
Many people will not be eligible
According to the Yale Budget Lab, but deduction of tip revenue will not help 37 % of workers who already earn any income tax. Indicator employees are only 2.5 % of all US workers.
According to the Congress Joint Tax Committee, the tax break will cost about $ 40 billion to the US government during 2028.
Other benefits for working families face similar limits, including cutting over time salary and interest on auto loans. In every case, the most benefits are more beneficial to people.
“All of them will benefit only if they have enough income to pay a positive tax,” said Brandon Debit, a policy director of the Tax Law Center at the University of New York University.
According to the CBO, new tax breaks will cost more than a reduction in social safety net programs and debt levels.
Republicans also add new restrictions to two Blues of cooperation for low -income families: child tax credit and income tax credit. The legislation will temporarily increase the tax credit for children’s tax of $ 2028 from $ 2028 to $ 2028 and will then be adjusted for inflation.
But there is a new requirement that parents provide social security numbers for qualifying. According to the non -Partisan Center for the migration study, it will exclude 4.5 million eligible children.
To qualify for the income tax credit that earned families also have to meet strict standards, it is a major poverty program that reached 23 million tax filers in 2022. And analysts have warned that the reduction in financing internal revenue services and the staff will not be able to help the tax agency visit low -income people on new sanctions.
According to the Pennoton Budget model, this legislation will increase national loans by $ 3.8 trillion, which is now.236.2 trillion, which will cost a lot of weight on the poor Americans, which is estimated that in the future, low -income domestic people will have a loss of $ 8,500 due to a weak safety. The model found that some high -income households would have a lifetime, 17,800. “You are inheriting this more loan, it is more burden. Someone has to pay for it,” said Kent Smitters, director of the budget model.
