President Donald Trump'stax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday. The CBO estimates that the 10% of poorest Americans will lose roughly $1,

President Donald Trump’s tax and spending law will deal a financial blow to the poorest Americans while boosting the income of wealthier households, according to a new analysis from the Congressional Budget Office.

Ten million more Americans will be uninsured in the next decade due to changes in President Donald Trump's tax and spend law, according to an estimate by the Congressional Budget Office.