They Voted to Raise Your Taxes So the Richest 5% Could Get a Cut

April 29, 2026

Trump signed the One Big Beautiful Bill on July 4, 2025. Republicans in the House voted for it. The math has since been done by the nonpartisan Institute on Taxation and Economic Policy, and it is not complicated: in 2026, the bottom 95 percent of Americans face higher taxes on average. The richest 5 percent get a cut.

The richest 1 percent of Americans receive an average net tax cut of $66,000. The richest 1 percent collectively pocket $117 billion in net tax cuts in 2026 alone. More than 70 percent of the net tax cuts in the bill flow to the wealthiest fifth of Americans.

The House voted for this. Every Republican who voted yes voted to raise taxes on the vast majority of their own constituents to fund a windfall for the top of the income ladder. That is not a talking point. That is the Joint Tax Committee and ITEP doing the arithmetic.

How a Tax Cut Becomes a Tax Hike

The mechanism is not mysterious. The bill extended the 2017 Trump tax cuts for high earners while layering in expanded tariffs that function as a consumption tax. Tariffs do not fall on corporations. They fall on consumers, at the point of purchase, in proportion to how much they spend. Lower-income households spend a higher share of their income on goods. Higher-income households spend a smaller share. The result is regressive by design.

The bill also capped the SALT deduction in ways that protect wealthy filers in low-tax states while delivering limited relief to middle-class homeowners in high-cost areas. The income tax changes that are framed as "middle-class relief" do not survive contact with the full distributional picture when tariff costs are included.

The net effect: taxes up on the bottom 95 percent, taxes down on the top 5 percent. The House of Representatives voted for this. By name. On the record.

The People Who Voted for It

This was not a procedural vote. This was not a voice vote in committee. This was a recorded roll-call vote in the United States House of Representatives on a bill that reorganizes the federal tax code in favor of the wealthiest Americans at the expense of everyone else.

Every Republican member who voted yes went back to their district and will ask their constituents to vote for them again. Those constituents, in the bottom 95 percent of earners, are now paying more. The representative voted to make that happen.

"Trump raised your taxes to lower them for his billionaire donors." — @TheDemocrats, April 2026.

The line is blunt but accurate. When ITEP says the richest 1 percent receives $117 billion in net cuts and the bottom 95 percent faces higher average taxes, the mechanism is clear: money was redistributed upward, through legislation, by elected representatives who will now ask for your vote.

The House Is For Sale. The Receipt Is Public.

This is not the first time Congress has passed tax policy that benefits donors over constituents. But the One Big Beautiful Bill is notable for its scale, its timing, and the brazenness with which the wealth transfer is defended. Proponents argued the bill would generate growth that would eventually reach everyone. That argument has never held under empirical scrutiny. The money goes where the votes went: to the top.

The House For Sale gets exactly what it votes for. The receipts are public. The ITEP analysis is public. The JCT scoring is public. What is owed to voters is a simple accounting: their representative voted to raise their taxes so that someone making ten times their income could pocket $66,000 extra this year.

Sources

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