Budget Would Hurt The Poor, Help The Rich

The budget bill currently making its way through Congress would reduce the annually available resources of the lowest 10% of households by income, while increasing those of the top 10%. 

Title: Budget Would Hurt The Poor, Help The Rich Subtitle: The budget bill currently making its way through Congress would reduce the annually available resources of the lowest 10% of households by income, while increasing those of the top 10%. Chart Type: Bar graph with two main categories on the x-axis: “Lowest Decile” and “Highest Decile” (representing the bottom and top 10% of households by income). Each category includes four bars, representing the years 2027, 2029, 2031, and 2033. Legend (Colors Represent Years): • Dark blue: 2027 • Medium blue: 2029 • Light blue: 2031 • Very light blue: 2033 Y-Axis (Percentage Change in Resources): • Ranges from -4% to +4% • Labeled in 2% increments Data Details: • Lowest Decile (bottom 10% of households by income): • 2027: –2% • 2029: –4% • 2031: –4% • 2033: –4% • Highest Decile (top 10% of households by income): • 2027: +4% • 2029: +3% • 2031: +1% • 2033: +2% Caption Below Graph: The analysis defined “resources” as cash, plus the cash value of assistance they receive from the government, such as food aid and medical care. Source: Congressional Budget Office Publisher Logo: Investopedia (bottom right)