Trump's law gives top 1% an estimated $1 trillion tax cut while reducing Medicaid funding
Healthcare · Curated reporting
Source report: 2025-07-23 · Event: 2025-07-04
Read original story ↗The 2025 Republican tax-and-spending law is projected to cut taxes for the highest-income 1% by about $1.02 trillion over a decade, according to ITEP's analysis of congressional estimates. Separately, KFF's analysis of CBO estimates puts the law's federal Medicaid spending reductions at $911 billion over 2025–2034. Both figures compare the law with prior policy; they are projected decade totals, not money already spent or cut in one year.
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