Institute on Taxation and Economic Policy (ITEP)

July 13, 2026

Michigan Democratic Party: Michigan Democrats Slam GOP Billionaire Bailout Budget On One-Year Anniversary of OBBBA’s Passage

ITEP Staff

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The Institute on Taxation and Economic Policy found the OBBBA “will increase taxes for most Americans, significantly expand income inequality, and add trillions to the national debt, while delivering substantial tax cuts to high-income households, corporations, and foreign investors.”

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