The Brief

The Congressional Budget Office released a new analysis revealing that President Donald Trump’s tax and spending legislation will result in less income for the poorest Americans while sending money to the richest.

CBO analysis explained

By the numbers:

The Congressional Budget Office is estimating that 10% of the poorest Americans will lose about $1,200 annually as they experience restrictions on government programs like Medicaid and food assistance.

RELATED: Senate Republicans plan to release revisions to Trump tax bill

Meanwhile, the richest 10% of Americans will see their income soar by $13,600 from tax cuts. The Associated Press reported that American households will see more income from the tax cuts in the law, including middle income households, but th

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