spot_img

More Cuts, Less Relief: Report Examines Impact of H.R. 1 on Black Families

(AURN News) — A new report is raising concerns about how the Trump administration’s sweeping H.R. 1 law, known as the “One Big Beautiful Bill Act,” could disproportionately affect Black households.

The Joint Center for Political and Economic Studies says that while the bill cuts about $4.5 trillion in federal taxes, most of those benefits are flowing to higher-income families and corporations, not everyday workers.

At the same time, the law trims roughly $1.4 trillion from programs like Medicaid, SNAP and student aid programs that many Black families depend on.

There is also a gap in the tax relief itself. The child tax credit was increased slightly, but nearly half of Black families — about 47% — still will not see the full benefit because of how it is structured.

With less federal support, states are expected to raise revenue through sales taxes, fees and fines — costs that tend to hit lower-income communities the hardest.

- Advertisement -

The report’s takeaway is clear: Instead of closing the wealth gap, the policy could widen it, leaving Black households paying more while getting less.


Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.

The post More Cuts, Less Relief: Report Examines Impact of H.R. 1 on Black Families appeared first on American Urban Radio Networks.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

BREAKING NEWS: Shai Gilgeous-Alexander Wins Back-to-Back NBA MVP Awards

Oklahoma City Thunder superstar Shai Gilgeous-Alexander continues to make NBA history...

Amendment 3 rejection leaves Louisiana universities without $70M in savings

(The Center Square) — Louisiana colleges and public school...

Everyday Economics: The economy is still standing, but the squeeze Is building

This week brings three important reads on the economy:...

No raises for Louisiana teachers amid voters rejecting all 5 amendments

(The Center Square) – Louisiana voters rejected all five...

Kentucky to select candidates in high profile races

(The Center Square) - Kentucky voters will head to...

General fund revenue for fiscal years 2026, 2027 up $2.6B

(The Center Square) – North Carolina’s general fund revenue...

Alabama voters to elect candidates in redrawn map

(The Center Square) - Alabama voters will head to...

Do midterm redistricting efforts favor Republicans?

The U.S. Supreme Court slapped down an appeal from...

More like this
Related

BREAKING NEWS: Shai Gilgeous-Alexander Wins Back-to-Back NBA MVP Awards

Oklahoma City Thunder superstar Shai Gilgeous-Alexander continues to make NBA history...

Amendment 3 rejection leaves Louisiana universities without $70M in savings

(The Center Square) — Louisiana colleges and public school...

Everyday Economics: The economy is still standing, but the squeeze Is building

This week brings three important reads on the economy:...

No raises for Louisiana teachers amid voters rejecting all 5 amendments

(The Center Square) – Louisiana voters rejected all five...