Who will benefit from President Trump's tax bill?

BreakdownGenerated by LeadStory AI

• About 80 percent of the tax bill's benefits go to the top 10 percent of earners. 16s
• The bottom 20 percent may see a decrease in after-tax income due to cuts in programs like Medicaid and SNAP. 38s
• Middle-income earners receive a modest gain, while the top 1 percent get the largest dollar benefit. 1m 3s
• Extension of the SALT deduction benefits residents of high-tax states, particularly those earning up to $500,000. 2m 3s
• Businesses can immediately deduct 100 percent of capital investments, a provision retroactive to January 2025. 2m 47s