trump tax cuts food stamps.

President Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the riches, according to a new report from the nonpartisan Congressional Budget Office. The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on programs like Medicaid and food assistance. The richest 10% will see their income increase by $13,600 from tax cuts. American households will see more income from the tax cuts, including middle income households. But the largest benefit will go to the top 10% of earners.