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Turning the bottom 20% upside down and shaking the loose change from their pockets [1]
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Date: 2025-07-01
The Yale Budget Lab just released a distributional analysis of the Senate version. Not surprisingly, it revealed a reverse Robinhood scheme similar to the House-passed version.
For starters... The top 20% of the wealth distribution will score more than $6,000 in extra annual income from the legislation, funded in part by turning the bottom 20% upside down and shaking the loose change from their pockets.
June 30, 2025
Distributional Effects of Selected Provisions of the House and Senate Reconciliation Bills | The Budget Lab at Yale
https://budgetlab.yale.edu/research/distributional-effects-selected-provisions-house-and-senate-reconciliation-bills
“The overall effect of these policy changes would be regressive, shifting after-tax-and-transfer resources away from tax units at the bottom of the distribution towards those at the top,” the editorial accompanying the analysis read.
A “tax unit” is a person or, more to the point, a family.
This bill, mostly through cuts to Medicaid and SNAP, will reduce annual incomes for the poorest American families by 2.3% on average.
The richest 20% will enjoy a 2.3% raise.
If you’re wondering what the numbers look like at the very top of the wealth distribution, you’re in luck. According to the same analysis, the top 0.1% of Americans will get an extra $118,630 a year under the legislation on average.
The median household income in America is $77,000.
So, Republicans are about to hand the richest 0.1% of the country one whole median annual income, PLUS ANOTHER $40,000.
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