YOU ALL SHOULD SUBSCRIBE TO CBO’S DAILY ANALYSIS…THIS IS THEIR ANALYSIS OF EFFECTS OF THE BBB ON AMERICAN SOCIETY
Distributional Effects of H.R. 1, the One Big Beautiful Bill Act by the CONGRESSIONAL BUDGET OFFICE
Estimated Effects
Resources for households in the lowest decile of the income distribution would decrease by about $1,600 per year mainly attributable to reductions in in-kind transfers, such as Medicaid and SNAP.
Households in the fifth and sixth deciles (that is, in the middle of the income distribution) would see their resources increase by $500 (or 0.5 percent of projected income) and $1,000 (or 0.8 percent of projected income), respectively.
Resources would increase, on average, over the projection period by about $12,000 for households in the highest decile, amounting to 2.3 percent of their projected income. Those projected increases are mainly attributable to reductions in the taxes households in that decile owe.