2025’s Big Brutal Tax Act: SOCIAL IMPACT
“The One Big Beautiful Bill Act” extends most of the 2017 tax cuts and jobs act while pairing those cuts with significant reductions in Medicaid, SNAP and other social safety net programs.” The measure is regressive, distributing most of its benefits to high-income households.
Bottom line: On average, all income groups benefit from the tax cuts. But high-income households benefit the most. Keep in mind, those estimates reflect only the bill’s revenue provisions. Low-income households end up worse off after taking into account the bill’s spending cuts, especially for Medicaid, SNAP (food stamps), and Affordable Care Act health insurance subsidies.
We compiled this resource to help you understand the different areas of impact and where you can take action.
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For informational and educational purposes only and should not be construed as specific investment, accounting, legal, or tax advice. Certain information is based upon third party data which may become outdated or otherwise superseded without notice. Third party information is deemed to be reliable, but its accuracy and completeness cannot be guaranteed. Neither the Securities and Exchange Commission (SEC) nor any other federal or state agency have approved, determined the accuracy, or confirmed the adequacy of this article.
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