Yale Analysis
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Musk Vigorously Opposes “Sweetheart” Bill: Yale Claims It Will Make Poor Poorer and Rich Richer
The U.S. Senate is voting on the “Big and Beautiful” bill, a tax and spending package. A Yale analysis suggests it could reduce incomes for the bottom 20% of households while increasing incomes for the top 20%, indicating a wealth redistribution. The bill also proposes cuts to social safety net programs like Medicaid and SNAP, which could offset any tax benefits for lower-income families.
