Medic4fire
@medic4fire.bsky.social
Reposted by Medic4fire
Similar findings from Penn Wharton Budget Model: poor people get poorer, rich people get richer. budgetmodel.wharton.upenn.edu/issues/2025/...
May 19, 2025 at 10:47 PM
Similar findings from Penn Wharton Budget Model: poor people get poorer, rich people get richer. budgetmodel.wharton.upenn.edu/issues/2025/...
Reposted by Medic4fire
House budget bill would lead bottom income quintile to lose ~4% of their income on average ($800), but top percentile would see their incomes rise 4% (nearly $70,000).
If tariffs remain in place, the overall impact on families would be even more regressive.
budgetlab.yale.edu/research/dis...
If tariffs remain in place, the overall impact on families would be even more regressive.
budgetlab.yale.edu/research/dis...
Distributional Effects of Selected Provisions of the House Reconciliation Bill (Preliminary)
budgetlab.yale.edu
May 19, 2025 at 10:41 PM
House budget bill would lead bottom income quintile to lose ~4% of their income on average ($800), but top percentile would see their incomes rise 4% (nearly $70,000).
If tariffs remain in place, the overall impact on families would be even more regressive.
budgetlab.yale.edu/research/dis...
If tariffs remain in place, the overall impact on families would be even more regressive.
budgetlab.yale.edu/research/dis...