The Budget Lab at Yale University estimated Monday that effects from the bill on taxes, Medicaid and spending on the federal SNAP food stamps program would cost the lowest-earning 20% of Americans

The legislation, centered around extending the expiring 2017 personal tax cuts, also included a suite of Republican priorities and drew unified Democratic opposition.

The $40,000 cap would begin in 2025, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.