In case you missed it -- new analysis from Yale Budget Lab shows that middle-income families will pay nearly three times more in higher costs from Trump tariffs than they get in tax cuts from the OBBBA. Lower-income families will be hit even harder.

“White papers are finally catching up to the reality of what working people feel in their bones, and this analysis shows it. Too many Americans are being left behind in today’s economy. An unfair tax system and repeated budget standoffs continue to burden families while the wealthiest few benefit. That’s why we’re coming together to organize and advocate for a tax system that’s fair—one where the richest finally pay up.” – Kristen Crowell, Executive Director of Fair Share America.

Read more and check out the charts via CNN:

CNN - Trump’s tariffs are bigger than his tax cuts for most Americans

• American households could pay $2,300 more, on average, as result of the current tariff policy, nearly three times the average roughly $800 benefit from the OBBBA’s new tax provisions.

• Middle-income households will be roughly $1,000 worse off each year, on average, as a result of Trump's tariffs and the tax and spending cut package, according to an analysis by Yale Budget Lab.

• Trump and Republicans have said the tax cuts are much larger than the tariffs, an argument that sidesteps the reality that the bulk of the tax cuts may not be noticed by many Americans. ... Plus, specific measures like a temporary reprieve for taxes on tips will only help slivers of the workforce.

• The top 10% of households, those who on average are making $518,000 per year, will pay about $13,600 less in taxes, according to Yale’s analysis. They’ll have to spend nearly $5,450 more, on average, because of tariff-fueled price increases.

• Middle-income households, who on average are making between about $105,000 to $122,000, will see their average $1,200 tax cut more than offset by a $2,200 cumulative tariff price hike, in the Yale analysis.

• Those who make the least will be hurt the most. The bottom 10% will see their average annual income drop by almost $2,600, or 6.6%, the lab found. They’ll take an average $1,350 hit to their wallets from tariffs coupled with a roughly $1,200 hit, on average, from the “big, beautiful bill,” largely because the Republican package slashed spending on the nation’s safety net to pay for part of the tax breaks. These folks have an average income of just under $39,000.

• The GOP tax and spending cuts package is expected to increase the federal debt by an estimated $4.1 trillion or so between 2025 and 2034, more than Trump’s tariffs are forecast to bring in. It is expected to increase the deficit by $3.4 trillion and add roughly $718 billion in interest costs.

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