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A new analysis from the Congressional Budget Office (CBO) released Thursday reveals that the Republican tax-and-spending megabill, recently passed by the House and now under Senate consideration, would significantly increase after-tax incomes for the wealthiest Americans while reducing them for the poorest. Specifically, the top 10% of earners would see an average annual gain of $12,000, whereas the bottom 10% would experience a loss of approximately $1,600 annually. |
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