The Republican budget package seeks to make Trump’s tax cuts permanent, benefiting older, wealthier Americans while imposing long-term costs on younger generations, according to the Penn Wharton Budget Model. This legislation, which passed the House and is pending in the Senate, could significantly reduce financial resources for low-income households while increasing national debt and interest payments.
Explain It To Me Like I’m 5: The new Republican budget plan would help rich older people save money while making it harder for younger people to have the same money in the future.
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