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Recently approved budget plan favors wealthy - slashes aid to low-income Americans - Nashville PRIDE, Inc.

Summary by Nashville PRIDE, Inc.

The new Fiscal Year 2025 Budget Resolution proposes significant cuts to SNAP and Medicaid, with tax cuts benefiting high earners. Yale's analysis shows lower-income households facing income reductions due to these policies. The post Recently approved budget plan favors wealthy — slashes aid to low-income Americans appeared first on Nashville PRIDE, Inc..

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ourweekly.com

Recently approved budget plan favors wealthy, slashes aid

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 while significantly…

7 days ago

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