The biggest upward distribution of wealth in American history
The Yale Budget Lab summarizes the CBO’s score of Trump’s signature legislation and signature executive actions:
- The combination of 2025 tariff increases implemented as of June 1 and the One Big Beautiful Bill Act passed by the House of Representatives would reduce after-tax-and-transfer incomes on average among the bottom 80 percent of U.S. households.
- The bottom ten percent of households would see an average reduction of more than 6.5 percent in incomes, while those at the top would see an increase of nearly 1.5 percent.

Trump cracking down on resistance with passage of legislation with no mass constituency is not a coincidence. Republicans know perfectly well that gutting Medicaid to partially pay for upper-class tax cuts is massively unpopular. The point of the violent speech suppression isn’t to improve Trump’s approval ratings — not least because whatever “news analysis” thumbsuckers say it’s not actually popular — but the suppression itself.