People relying on food assistance programs and Medicare could have their eligibility for these services affected by Trump's tax bill.
The Congressional Budget Office released a new analysis revealing that President Donald Trump's tax and spending legislation will result in less income for the poorest Americans while sending money to the richest.
By the numbers:
The Congressional Budget Office is estimating that 10% of the poorest Americans will lose about $1,200 annually as they experience restrictions on government programs like Medicaid and food assistance.
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Meanwhile, the richest 10% of Americans will see their income soar by $13,600 from tax cuts. The Associated Press reported that American households will see more income from the tax cuts in the law, including middle income households, but the largest benefit will go to the top 10% of earners.
Why you should care:
Citing the CBO analysis, the Associated Press noted that changes to eligibility for government food assistance under President Donald Trump's tax and spending legislation will impact millions of Americans.
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The CBO noted that over 2 million people won't be eligible for the Supplemental Nutrition Assistance Program under work requirements for many recipients. Low-income Americans potentially may see their income lowered through additional limitations on food aid and other types of assistance featured in the legislation.
Right now, over 10 million Americans are expected to lose health insurance by 2034 due to changes to Medicaid under the law, according to the AP.