President Donald Trump’s budget bill would sap resources away from the poorest households in the U.S. while giving tens of thousands of dollars to the richest Americans on an annual basis, the Congressional Budget Office (CBO) has found in a new analysis.

Last month, CBO reported that Trump’s “One Big Beautiful Bill” would decrease the wealth of the poorest 10 percent of households by 4 percent in coming years. In its newest analysis, CBO found that this would amount to a $1,600 average annual decrease for these families.

Meanwhile, the richest 10 percent of households would see their wealth increase by $12,000 yearly, or a 2.3 percent increase in resources through 2034, the analysis found.

For all households in this category, this would represent a $168 billion increase in their collective wealth, amounting to 68 percent of the........

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