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Post Reports

Who wins and loses with Trump's tax bill?

Post Reports

The Washington Post

Daily News, Politics, News

4.45.1K Ratings

🗓️ 30 June 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

The Senate is voting on President Donald Trump’s signature legislation, which includes tax cuts for a broad swath of Americans. But who stands to benefit most?

Transcript

Click on a timestamp to play from that location

0:00.0

So let's say you're a married couple with two kids living in Pennsylvania and you make $50,000.

0:11.1

I'm going to put that into this calculator.

0:16.0

This is $50,000 combined.

0:17.6

Household income.

0:18.5

Household income.

0:25.6

Jacob Bogage is a Congressional economics correspondent for the Post. On Monday, I had him with me in the studio to run some numbers on this tax calculator that

0:29.6

Jacob and the Post built.

0:31.6

The calculator, it shows you how much you could save or lose with President Donald Trump's

0:36.6

signature tax bill. You can input

0:39.2

your personal situation, your salary, where you live, how many kids you have, if you get government

0:45.2

benefits. At 50,000 with two kids are going to be on SNAP. And actually, they probably are

0:50.9

on Medicaid. 50,000 with two dependents.

0:55.6

So they affects the tax bill.

0:56.8

Four people with Medicaid.

0:58.6

They receive SNAP benefits.

1:02.0

They have some tip income, overtime income.

1:03.0

This is going to be interesting. Well, the tip income, overtime income, and the child tax credit outweigh the loss of income from SNAP and Medicaid.

1:12.6

Hmm, well, let's find out.

1:14.5

They are down $655.

1:17.3

Yeah, they really rely on that Medicaid.

1:21.5

Taxes, they might not be the most glamorous topic,

1:24.5

but I found the tax calculator that Jacob and I have been playing with

...

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