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Janet Yellen calls the Trump tax bill the 'big, ugly bill'
CNBC Television·2025-06-12 21:19

Well, the um architects of that bill and President Trump want to see the uh 2017 uh TCJA tax cuts continue. And while they've um penciled in some tax cuts on tips and overtime um essentially the the um great bulk of the benefits go to the highest income people and then the cuts that they've specified to Medicaid, those affecting the Affordable Care Act coverage, uh the earned income tax credit, credit snap. Uh they all hurt the most vulnerable lowincome households highest.And then when you come back to the ...