articleThe Brief Poor Americans will lose more money annually, while rich people benefit financially from President Donald Trump’s tax bill, according to a new analysis from the Congressional Budget Office. Rich Americans' income will rise from tax cuts in Trump’s new legislation. People relying on food assistance programs and Medicare could have their eligibility for these services affected by Trump’s tax bill. CBO talks Trump’s tax bill impacts on Medicare and food assistance programsWhy you should care:Citing the CBO analysis, the Associated Press noted that changes to eligibility for government food assistance under President Donald Trump’s tax and spending legislation will impact millions of Americans. The Source: Information for this story was provided by the Associated Press, which cites the Congressional Budget Office’s analysis of the Trump tax and spending bill.