The Joint Economic Committee – Minority calculated how the combined effects of President Trump’s current tariffs, and Trump and Congressional Republicans’ tax policies (signed into law last year as the so-called One Big Beautiful Bill) are impacting the finances of a typical firefighter, teacher, truck driver, and other jobs. The Committee found that even after the Supreme Court blocked some of Trump’s tariffs, working families continue to pay the price for Trump’s remaining tariffs. Workers across sectors– including public safety, manufacturing, and health care–lose hundreds of dollars in 2026 because of the combined impacts of Trump’s tax and tariff actions.
These new Committee estimates show that by the end of the year, the total annual loss for $142,000 $118,000 home health aides and nursing assistants will be $860, for retail sales workers $800, and firefighters $270. Workers in the office and administrative support sector will lose more than $600 by the end of 2026. Meanwhile, the typical earner at the very top of the income ladder will see a windfall; someone in the top 0.1% will get a new tax break of nearly $200,000 this year. This report incorporates estimates from several nonpartisan analyses, including the Congressional Budget Office’s analysis of how the tax bill that Republican Members of Congress passed last year impacts different income levels.
$94,000 Republicans' Tax and Tariffs' Impact on Americans by Occupation or Income Level
Estimatedcost or benefit in 2026 from Republicanleaders' so-called One Big Beautiful Bill combined with Trump's current tariffs
The Committee also analyzed data on the impact for a typical worker within major job categories:
• For the more than 17 million Americans working in office and administrative support jobs, the President’s tax and tariff policies will cost a typical worker more than $600 in 2026.
• For the more than 13 million Americans working in food preparation and service, a typical worker will lose about $820 in 2026.
• Two other major job categories – construction and extraction jobs, and installation, maintenance and repair jobs together employ more than 12 million people in the U.S. A typical worker in these jobs will lose about $270 by the end of 2026.
The Top 1% Will Gain Billions of Dollars from the Trump Tax Bill
While working people lose out under Trump’s tax and tariff policies, the Joint Economic Committee – Minority estimates that even after accounting for tariffs, the Republican tax bill gives the average member of the top 0.1% a $200,000 benefit, and gives the average member of the remaining top 1% a more than $23,000 benefit. In total, this means that in just one year, the top 0.1% gets $26 billion in benefits from Trump’s tax and tariff policies, and the remainder of the top 1% gets about a $25 billion windfall.
Trump and Congressional Republicans’ tax bill pays for these giveaways at the top with cuts to health care and with an increase of more than $1 trillion in the federal deficit over 10 years, to reach $3.1 trillion by 2036 – which will leave working families worse off and our country burdened with even more debt.
