Commentary: Recently approved budget plan favors wealthy, slashes aid to low-income Americans - WS Chronicle

Commentary: Recently approved budget plan favors wealthy, slashes aid to low-income Americans - WS Chronicle

By Stacy M. Brown  The new budget framework approved by Congress may result in sweeping changes to the federal safety net and tax code. The most significant benefits would flow to the highest earners while millions of low-income families face cuts. A new analysis from Yale University’s Budget Lab shows the proposals in the House’s Fiscal Year 2025 Budget Resolution would lead to a drop in after-tax-and-transfer income for the poorest households …