An analysis by the Institute on Taxation and Economic Policy (ITEP) highlights just how lopsided the bill’s tax provisions are. It found that the richest 1% of Americans would receive a staggering $121 billion in net tax cuts in 2026. That’s more than the total tax cuts for the entire bottom 60% of taxpayers, who will get a mere $90 billion.
Colorado Fiscal Institute: One Big Beautiful Betrayal
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.