Part 6/8:
The ramifications of the bill will vary across income brackets. For the lowest-income households, resources are expected to decrease substantially due to the cuts in welfare programs, while the top 10% could see an increase in their resources primarily driven by tax cuts and extended SALT deductions of up to $30,000.
Despite the multiple layers to this legislation, opinions among commentators suggest a cautiously optimistic view regarding its passage, reflecting a sense of bipartisan support, albeit cautious, in the current political climate.