President Donald Trump's economic policies could leave most American income groups facing higher taxes and household costs in 2026, while the wealthiest 1% are projected to gain $12,560 overall, according to an analysis by the Institute on Taxation and Economic Policy (ITEP).
The report estimates that the middle 20% of earners will face an additional $1,700 in taxes and other costs this year, while the poorest 20% could pay around $750 more. In contrast, the richest 1% are projected to come out ahead as their tax savings outweigh additional costs.
