Taking all the policies of President Trump and the Republican majority in Congress into account, all but the richest Americans are paying higher taxes on average in 2026 than they did last year. These policies include:
- Dramatically increased tariffs on goods from abroad, a tax that economists widely agree is mostly borne by American consumers.
- The termination of the Enhanced Premium Tax Credit (EPTC), which had made health care more affordable for millions of people.
- The so-called One Big Beautiful Bill Act (OBBBA), which overwhelmingly benefits the rich and corporations. - ITEP
Wednesday, March 11, 2026
The real costs, for most, of Trump tax policy
This has graphs and other more specific information.
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