The Congressional Budget Office (CBO) has released a preliminary analysis of the House Republicans’ megabill, which has sparked intense criticism over its potential impact on wealth distribution. The report, requested by Democrats, shows that the legislation’s tax cuts and reductions in federal spending on Medicaid and SNAP programs would benefit the wealthiest Americans while negatively affecting the lowest-income households. The analysis highlights that the top 10 percent of households may see their resources rise by 4 percent by 2027, while the bottom 10 percent would experience a 2 percent decrease in resources by that year. This has led to accusations from Democrats that the legislation is a giveaway to the rich, with Rep. Brendan Boyle from Pennsylvania calling it a move to enrich billionaires while children go hungry and families lose health care. In contrast, Republicans argue that the bill protects Medicaid for those in need and prevents tax hikes, while promoting economic growth. The CBO’s analysis of the legislation’s impact on state finances has raised concerns over potential reductions in federal spending on Medicaid and SNAP, with estimates suggesting that nearly a trillion dollars in federal funds could be cut. The bill, which has trillions in tax cuts and some targeted tax hikes, would also introduce new work requirements and other changes to Medicaid, potentially leading to millions losing coverage. House leaders plan to vote on the bill as soon as Wednesday, as the debate over its financial implications continues to intensify.