Who are the winners and losers?

The only large Bill Act by President Donald Trump, who will change taxes and other federal guidelines, is indeed on 1,116 pages. However, its beauty will be limited to those who benefit the most – according to analyzes from several sources.

The US house narrowly passed the draft law with a vote of 215-214 on May 22nd after intensive Republican negotiations. It is now possible for the Senate, who has signaled that it is presented to make revisions.

Although this would help us as a whole, the advantages for those in the lowest income would decrease due to expenses. According to a preliminary analysis on May 20, the impartial congress household office would increase the advantages for those at the highest level.

The plan would make the tax cuts from 2017 from Trump's first term. It would reduce some taxes, but increase others and change expenses.

USA TODAY searched for winners and losers when the invoice becomes a law. Here are examples of what we have found.

Households with high incomes would benefit the most from this

Top 5 winners

Earners with high incomes

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The invoice “would reduce taxes by an average of around 2,800 US dollars in 2026”, according to an analysis by the non -party tax policy center. The center said that more than two thirds of the total cuts would go to those with an annual income of around $ 217,000, the center said. Those with income of 1.1 million US dollars or more would receive almost a quarter of the cuts.

Families with children

The invoice would increase the tax credit for children by $ 500 to $ 2,500 by 2028. Then it would drop to 2,000 US dollars. However, an estimated 4.5 million children are under a new requirement that both parents have a social security number, not to promote, reported USA.

Children under the age of 8 receive 1,000 US dollars so that their parents can open up “money accounts for growth and investment”, also known as a “Maga” savings account.

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Car buyer

The invoice would also enable people to temporarily deduct interest payments for Autkreditzins up to $ 10,000 if they buy an American vehicle.

Pay those with overtime

Overtime wages that are treated with regular wages with federal and state income taxes, social security and retention of Medicare would not be taxed if the invoice is passed. According to a study by the Tax Foundation and the Yale budget laboratory in April, the federal revenue could be reduced from 2025 to $ 680 billion to $ 866 billion if overtime was not taxed.

Waiter and workers who get tips

Tips would not be taxed if the invoice is passed. According to IRS, the tips are historically accommodated. According to a report by the General Inspector General Inspector General for the tax administration in 2018, non -reported tip revenues from non -compliant companies could be up to 23 billion US dollars.

The provision “no tax on tips” would end after 2028.

Top 5 losers

Those who earn less than $ 50,000

Americans earn around 17,000 to 51,000 US dollars and would lose about 700 US dollars. Those with an income of less than $ 17,000 would lose an average of more than $ 1,000 dollars. The losses are mainly due to cuts in aid programs such as Medicaid, health insurance marketplaces, the supplemental Nutritional Assistance program and student loan.

Recipient of Snap/Medicaid

According to the CBO's first estimates, the changes to Medicaid could lead 7.6 million Americans over the next 10 years. Around 698 billion US dollars would be cut off from the program.

The measure would reduce federal expenses for the additional nutritional program of 267 billion US dollars, which is known as SNAP or food brands, said CBO. It would also work for the 55 to 64 years that benefit from the program that benefit around 42 million Americans for food aid.

People with debts for student loans

The regulations for student loans issued by President Joe Biden's administration would be canceled, and the number of repayment plans for nationwide loans would shrink to just two programs. The legislation would also impose a significant upper limit for loans for parents and students in the basic course and at the same time remove a credit program for future doctoral students.

Higher federal deficit

According to CBO, the provisions of the law would increase the federal deficit from 2026 to 2034 by 3.8 trillion dollars.

Undocumented people

The invoice would increase the fees for legal immigration. A fee for asylum issues in the amount of USD would be imposed and 500 US dollars would require payments for working rights every six months, reported USA. It would raise immigrants hundreds of dollars if they make decisions with a court, among other things.

The legislation would also prevent states from using their own money in order to offer undocumented children Medicaid cover.

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Source USA Today Network Reporting and Research; Reuters; Tax policy center; Penn Wharton at the University of Pennsylvania; Center for budget and political priorities; Congress budget office