Reported 1 day ago
After the House passed President Trump's major tax and spending bill, many Americans are expected to see significant changes in their finances starting next year. While lower income-tax rates and new deductions for families and workers could benefit many, wealthier taxpayers are likely to receive larger tax cuts. Conversely, individuals reliant on social safety nets, such as Medicaid and food assistance programs, may face stricter eligibility requirements and potential loss of benefits. Overall, the legislation presents a mixed bag of winners and losers across different income levels.
Source: YAHOO