The House-passed reconciliation bill would most benefit high earners and reduce financial resources available to the lowest-income households, the Congressional Budget Office said in a distributional analysis of the measure Thursday.
The nonpartisan agency said it estimates that over the fiscal 2026 through 2034 period, after-tax income and federal benefits “would decrease for households toward the bottom of the income distribution, whereas resources would increase for households in the middle and top of the income distribution.”
The analysis follows up on an earlier assessment of the bill by the CBO after it was approved by the House Budget Committee, but before it was modified by a manager’s amendment and passed by the House on May 22.
