President Donald Trump’s much-hyped ‘Big, Beautiful Bill’ is now the law of the land, and it’s about to shake up wallets across America, for better or worse. So, who’s popping champagne, and who’s bracing for a pinch?
Let’s start with the winners: high earners are getting the biggest slice of the pie. The Congressional Budget Office estimates households in the top 10% will pocket an extra $12,000 per year through 2034. Even those in the 80%–90% bracket are projected to gain an average of $5,300 a year. Why? They’re the ones footing most of the tax bill in the first place — and now they get to keep more of what they earn.
The middle class doesn’t do too badly either. Households in the 50%–70% range could see bumps of around 0.8% to 1.1% to their take-home income — enough to cover a vacation or stash away for savings.
But for the lowest-income Americans, the news isn’t as rosy. Due to tweaks in Social Security, Medicaid, and work requirements, the bottom 10% could lose nearly 4% of their annual income, about $1,500 each year. Households just above that bracket will feel a smaller pinch.
So, who really feels the squeeze? Single adults relying on Medicaid through the ACA expansion may have to work or volunteer 80 hours a month to keep their coverage. But there are exceptions: parents of young kids, people with disabilities, and pregnant women won’t be forced into these new requirements.
Love it or hate it, Trump’s ‘Big, Beautiful Bill’ bets big on rewarding work, easing the burden on big taxpayers, and pushing more people into the workforce — a gamble his supporters say is just what America needs.
