Vice President JD Vance slammed a recent analysis by the Congressional Budget Office that the One Big Beautiful Bill Act will benefit the highest earners and hurt lower-wage Americans.
The report, released Aug. 11 and done at the request of Democrats, found that the top 10% of earners will see an average boost of $13,600 a year over the next decade, while the bottom 10% percent will see an average annual decrease of $1,200, The Hill reported Thursday.
“First of all, the Congressional Budget Office, sometimes they put out reports that are absolutely atrocious, and I think this is a good example of a very atrocious report,” Vance told a reporter after his speech at a commercial refrigeration facility in Peachtree City, Georgia, to tout the impacts of the GOP’s tax and spending cuts.
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