The big legislation Republicans are trying to pass this week would shrink economic resources for the poorest Americans while boosting the richest, according to a new analysis by Capitol Hill’s official budget scorekeeper.

The Congressional Budget Office said on Tuesday the One Big Beautiful Bill Act, as it’s officially known, would shrink household resources for the lowest-income households by 2% in 2027 and 4% in 2033, mainly because of cuts to health and nutrition programsme.

”By contrast, resources would increase by an amount equal to 4 percent for households in the highest decile in 2027 and 2 percent in 2033, mainly because of reductions in… taxes they owe,” CBO director Phillip Swagel wrote in a letter to Democrats.

Democratic leader Hakeem Jeffries and Representative........

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