WASHINGTON (AP) — The Republican tax bill approved by the U.S. House of Representatives would cost the poorest Americans roughly $1,600 a year while increasing the income of the wealthiest households by an average of $12,000 annually, according to a new analysis released Thursday by the Congressional Budget Office.
Middle-income households would see a boost of roughly $500 to $1,000 per year under Republican President Donald Trump's tax bill, the CBO found.
The cuts to the lowest-income households come from proposed cuts to social safety net programs including Medicaid and a food assistance program for lower-income people, known as Supplemental Nutrition and Assistance Program.
The bill also proposes expanding work requirements to receive food aid and new “community engagement requirements” of at least 80 hours per month of work, education or service for able-bodied adults without dependents to receive Medicaid. Some proposed tax breaks would be temporary, including a tax break on tips and overtime, car loan interest and a $4,000 increase in the standard deduction for seniors.
Treasury Secretary Scott Bessent and other Republicans have sought to discredit the CBO's analyses of the bill and say that the U.S. could head toward economic catastrophe if the measure is not passed. GOP Idaho Sen. Mike Crapo said during a Senate Finance Committee hearing on Thursday that the tax bill "recognizes the solution to our debt crisis is not to tax Americans more, it is to spend less.”
“The legislation recognizes that extending proven tax reform is critical for working families," he said.
Administration officials have said the the cost of the tax bill would be offset by tariff income. Recently, the CBO separately estimated that Trump's sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall.
The CBO was established more than 50 years ago to provide objective, impartial analysis to support the budget process. It is required to produce a cost estimate for nearly every bill approved by a House or Senate committee and will weigh in earlier when asked to do so by lawmakers.
The office's analysis released Thursday considers Trump’s “One Big Beautiful Bill Act” in isolation, excluding the potential impact of the tariffs that Trump has imposed and paused on nations around the world.
Democratic Rep. Brendan Boyle of Pennsylvania, who requested the CBO analysis released Thursday, said in a statement that "this would be one of the largest transfers of wealth from working families to the ultra-rich in American history. It’s shameful.”
House Speaker Mike Johnson, R-La., attends a signing event for a bill blocking California's rule banning the sale of new gas-powered cars by 2035, in the East Room of the White House, Thursday, June 12, 2025, in Washington. (AP Photo/Alex Brandon)
NEW YORK (AP) — An emotional plea by Iranian filmmaker Jafar Panahi and moving words from Ryan Coogler on the violence in Minneapolis stirred a National Board of Review Awards ceremony Tuesday in which Paul Thomas Anderson’s “One Battle After Another” was again crowned the best film of the year.
Coming two days after Sunday’s Golden Globes, the annual, untelevised New York gala, held in the cavernous midtown banquet all Cipriani 42nd Street and hosted by Willie Geist, played out as a more intimate and frank-spoken alternative.
The winners themselves were already announced, so the night was always going to belong to “One Battle After Another.” The National Board of review, a group that is made up of film enthusiasts and dates to 1909, not only named it 2025’s best film but awarded the best actor prize to Leonardo DiCaprio, best director to Anderson, best supporting actor to Benicio Del Toro and breakthrough performer to Chase Infiniti.
Yet in an ongoing parade of awards for “One Battle After Another,” its night at the NBRs still stood out. The surprise presenter of the movie’s best film award was Martin Scorsese, who praised “the audacity” of Anderson’s narratives and the accomplishment of his latest.
“Like all great films, it can’t really be compared to anything else,” Scorsese said. “It stands alone. It’s a great American film.”
Anderson, trying to take in the wealth of honors, attempted to describe what “ One Battle After Another,” his father-daughter tale of revolution, might represent. His answer came in pointing out his own daughter, sitting at his table.
“I don’t know what our movie is about, but I do know it’s about loving your kids,” Anderson said.
For many of the honorees, the world outside the starry banquet weighed heavily. Coogler’s speech was among the night’s most poignant. The “Sinners” director was honored for his screenplay for the vampire thriller and was introduced by the film’s star, longtime collaborator Michael B. Jordan.
Both were honored 13 years earlier by the board for their first movie together, “ Fruitvale Station.” Recalling that film, based on the true story of the 2009 killing of Oscar Grant by a Bay Area Rapid Transit police officer in Oakland, California, Coogler turned to the recent fatal shooting of Renee Nicole Good by an immigration enforcement agent in Minneapolis.
“I was young and naive, and I thought the movie was going to change the world and make it so you didn’t see people executed by civil service on camera anymore,” Coogler said. “I was proven wrong again and again. And it’s tough to be here and not think about Minnesota.”
“I can’t be here and not think about Renee,” Coogler added.
Still, the ceremony’s most powerful words came from Panahi, the dissident Iranian filmmaker who for nearly two decades worked clandestinely in his native country while being placed under house arrest and jailed. Panahi’s latest, “ It Was Just an Accident,” was awarded best international film.
The movie, inspired by Panahi's own imprisonment, is a revenge drama about stopping the cycle of violence and oppression in Iran. On Tuesday the death toll from a nationwide crackdown on demonstrators in that country surpassed 2,500, according to activists.
“As we stand here, the state of Iran is gunning down protesters and a savage massacre continues blatantly on the streets of Iran,” Panahi said. “Today the real scene is not on screens but on the streets of Iran. The Islamic Republic has caused a bloodbath to delay its collapse.”
“This is no longer a metaphor,” he continued. “This is not a story. This is not a film. This is a reality written with bullets day after day.”
Panahi called on the film community to speak out and “use any voice and any platform you have.”
“Today, cinema has the power to stand by defenseless people,” Panahi said. “Let’s stand by them.”
Panahi’s remarks, delivered through an interpreter, shook the audience. And when the next award went to Clint Bentley and Greg Kwedar, for adapted screenplay for their plaintive Pacific Northwest period drama “Train Dreams,” the filmmakers seemed to cut short their speech, which was partially about how making the movie and then promoting it through awards season meant sacrificing time with their young children.
“When the world is kind of burning down, it can feel frivolous at times,” Bentley said. “I just want to say thank you most of all to Mr. Panahi for reminding us for what we can do with the medium and why it can be worth doing.”
Jafar Panahi attends the National Board of Review Awards gala at Cipriani 42nd Street on Tuesday, Jan. 13, 2026, in New York. (Photo by Evan Agostini/Invision/AP)
Leonardo DiCaprio attends the National Board of Review Awards gala at Cipriani 42nd Street on Tuesday, Jan. 13, 2026, in New York. (Photo by Evan Agostini/Invision/AP)
Ryan Coogler attends the National Board of Review Awards gala at Cipriani 42nd Street on Tuesday, Jan. 13, 2026, in New York. (Photo by Evan Agostini/Invision/AP)
Chase Infiniti attends the National Board of Review Awards gala at Cipriani 42nd Street on Tuesday, Jan. 13, 2026, in New York. (Photo by Evan Agostini/Invision/AP)
Michael B. Jordan attends the National Board of Review Awards gala at Cipriani 42nd Street on Tuesday, Jan. 13, 2026, in New York. (Photo by Evan Agostini/Invision/AP)
Benicio Del Toro attends the National Board of Review Awards gala at Cipriani 42nd Street on Tuesday, Jan. 13, 2026, in New York. (Photo by Evan Agostini/Invision/AP)
Leonardo DiCaprio attends the National Board of Review Awards gala at Cipriani 42nd Street on Tuesday, Jan. 13, 2026, in New York. (Photo by Evan Agostini/Invision/AP)
Sara Murphy, from left, Teyana Taylor, Paul Thomas Anderson, and Chase Infiniti pose in the press room with the award for best motion picture – musical or comedy for "One Battle After Another" during the 83rd Golden Globes on Sunday, Jan. 11, 2026, at the Beverly Hilton in Beverly Hills, Calif. (AP Photo/Chris Pizzello)
