WASHINGTON, DC – Earlier this week the White House accidentally published proof that President Trump’s so-called “big, beautiful bill” increases taxes on low-income earners in order to give cut taxes for the rich.

The White House briefly linked to - and then took down - a document from the Joint Committee on Taxation (JCT), the official nonpartisan committee that analyzes how different income levels will be impacted by new tax laws, after realizing the document showed Trump’s policies would financially harm working families.

That JCT report showed that in 2029, when the permanent effects of the GOP tax plan are felt, Americans making less than $30,000 will actually pay more in taxes under the Trump plan than under current law.  Americans making less than $15,000 would be forced to pay 53 percent more in taxes than they do now as their average tax rate jumps from 3.3 percent to 5.1 percent. Meanwhile, households making over $1 million will pay 6.4 percent less in taxes (totaling an estimated $74 billion collectively), as their average rate falls from 30.8 percent to 28.7 percent.

Today, U.S. Senator Jack Reed issued the following statement condemning Trump’s partisan tax bill that would raise taxes on the lowest-income Americans while handing six-figure windfalls to the wealthiest 0.1 percent of taxpayers:

“Donald Trump and Congressional Republicans are trying to jam through a Robin Hood in Reverse tax plan that takes from the poor to give to the rich.  The numbers are clear: Trump’s plan will make the rich richer and the poor poorer.  Families struggling to put food on the table will pay more and have less federal support while millionaires and billionaires get a bigger tax windfall.  For people just getting by, and just starting out, it will make it harder for them to afford the American Dream.  It’s going to increase the number of people living paycheck to paycheck, deepen the divide, and exacerbate the wealth gap and financial inequality,” said Reed.

According to USA Today, the top 1 percent of households in the United States own significantly more wealth than the bottom 90 percent.

“The American people want a tax system that is simple, fair, and encourages a strong, resilient, and prosperous economic future.  Instead of directing bigger tax windfalls to the ultra-wealthy as Trump and congressional Republicans want, I believe we must direct targeted relief to working families and help bring down costs for things like health care, housing, and child care in ways that widely benefit the vast majority instead of just the wealthy few,” said Reed.

New analysis from the Yale Budget Lab, a nonpartisan research center, further underscores the JCT’s findings and highlights how skewed the Trump tax bill is in favor of the wealthy at the expense of working families.  The Yale Budget Lab found that nearly 80 percent of the bill’s total benefits would go to just the top 20 percent of earners.

Reed pointed out that the numbers look even worse when factoring in the fact that President Trump and Congressional Republicans are cutting programs like Medicaid and the Supplemental Nutrition Assistance Program (SNAP) to save money and help pay for their tax cuts for the wealthy. When adding the impact of those cuts to low-income families, the benefits of the Trump tax bill become even more skewed towards the richest Americans.

The New York Times reports that economists at the Penn Wharton Budget Model “found that many Americans who make less than $51,000 a year would see their after-tax income fall as a result of the Republican proposal beginning in 2026.”

Trump and Congressional Republicans are continuing to modify their bill which also currently cuts hundreds of millions from Medicaid, SNAP and other popular programs.