The Congressional Budget Office says highest earners will benefit most from the so-called "One Big Beautiful Bill." Here's how and by how much.

The ‘big, beautiful’ tax bill would cost low-income Americans an estimated $1,600 a year on average, while high-income people would gain $12,000, the CBO says.

The debate over federal spending intensifies as the Congressional Budget Office projects a $4 trillion deficit increase from the Big Beautiful Bill. Elon Musk, former head of the Department of Efficiency Governmental Efforts,

White House says the CBO’s analysis is wrong because it assumes that Republicans in Congress will fail to extend Trump’s 2017 tax cuts.

Sir, I think it could set off a financial crisis, the likes of which we have not seen since ’08, ’09,” he said during a House Ways and Means Committee hearing Wednesday.

Their comments were an unusually public display of ambiguity towards a piece of legislation that the GOP caucus voted to advance.

The massive reconciliation bill bearing much of President Trump's economic agenda would reward upper-income households while hurting low-income ones, the Congressional Budget Office said Thursday in a new analysis.

The top tenth of the U.S. income spectrum is set to receive the biggest annual boost to their wealth as a result of the House-passed Republican tax-and-spending cut bill, according to a new analysis from the Congressional Budget Office (CBO),