According to the Institute on Taxation and Economic Policy, the highest-earning 20% of Americans will receive 69% of the bill’s tax cuts, and the highest-earning 1% of Americans will receive an average tax cut of about $70,000.
June 20, 2025
League of Women Voters: What’s Happening with Medicaid, Tax Cuts, and Budget Bills?
Institute on Taxation
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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.
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