President Donald Trump's economic policies, particularly his tax cuts and tariffs, have created a stark divide among American households. According to a report by the Institute on Taxation and Economic Policy (ITEP), the wealthiest 1% of Americans, earning over $916,900, are projected to receive an average tax cut of $8,850 by 2026. In contrast, middle-income households earning between $92,100 and $153,600 may face an additional tax liability of approximately $980. Furthermore, the bottom 20% of earners, making less than $30,700, could see their overall tax burden increase by 3.1%. The introduction of new 15% tariffs is expected to further strain household finances, potentially costing families between $600 and $800. Additionally, provisions in the One Big Beautiful Bill Act (OBBBA), which includes cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP), may offset any short-term gains from tax breaks for lower-income households. Overall, the combination of these policies appears to leave most Americans worse off, with only the top 10% benefiting consistently.