Richest 20 percent get half the overall savings from U.S. tax breaks, CBO says

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The Washington Post is a major American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper in the Washington metropolitan area and widely read around the country. The newspaper has won 47 Pulitzer Prizes. It employs around 800 journalists and had a 2015 daily circulation of 356,768. Its digital circulation was 1,000,000 in 2018.

Jeff Bezos bought the paper in 2013. Tensions between he and the newsroon have continued; in 2024 and 2025, multiple personnel resigned over the paper's non-endorsement of Kamala Harris and editorial changes advanced by Bezos.

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The 10 largest breaks in the U.S. tax code will save taxpayers more than $900 billion this year, with just over half the benefits flowing to the richest 20 percent of households, congressional budget analysts said Wednesday.

And the richest 1 percent of households, those with at least $327,000 in annual income, get an especially big haul — about 17 percent of the total savings, according to the report by the nonpartisan Congressional Budget Office.