Donald Trump’s "One Big Beautiful Bill Act" will slash the household resources of the poorest Americans by about $1,600 while boosting the wealthiest households by roughly $12,000, the Congressional Budget Office said in a distributional analysis released Thursday.

During a bill signing ceremony at the White House earlier today, Donald Trump touts his 'big beautiful bill' as 'common sense,' the same bill that cuts Medicaid coverage and SNAP benefits for millions of Americans while also adding trillions to the deficit.

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The ‘big, beautiful’ tax bill would cost low-income Americans an estimated $1,600 a year on average, while high-income people would gain $12,000, the CBO says.

The 'One Big, Beautiful Bill' proposes the accelerated expiration of the EV tax credit. Tesla could see a massive hit if the spending bill passes.

But there is one financially sound reason Trump chose to break this popular promise and leave "no tax on Social Security" out of the One, Big, Beautiful Bill: It would have substantially worsened the program's long-term outlook.

Lawmakers in Washington, D.C., are one step closer to making President Donald Trump’s ‘One Big Beautiful Bill’ federal law. Rural communities in Oklahoma could feel the biggest

Trump says he plans to court Rand Paul’s vote on the ‘Big, Beautiful Bill’ as he reinvites him to White House picnic - Kentucky Republican annoyed to be excluded from social event after publicly speaking out against the president’s ‘Big,