Institute on Taxation and Economic Policy

July 25, 2025

Maine Center for Economic Policy: How Trump’s “Big Beautiful Bill” Further Enriches the Rich and Immiserates the Poor

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Though some of the details of the OBBBA were altered in the Senate from its original House-passed version, the overall impact remained largely the same: tax cuts for the rich, little change for the middle class, and punishing cuts for the poor.

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