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Brad Knott on Taxes and the Deficit: Tax Cuts Tilted to the Top Tenth, $4.5 Trillion in Deficit Room, and a 2026 Resolution Calling It a Working-Family Tax Cut

The One Big Beautiful Bill Act borrows to cut taxes most for high earners and recovers part of the cost from Medicaid and SNAP, and by CBO's count the richest tenth of households nets roughly $13,600 a year while the poorest households end up about $1,200 worse off; Brad Knott, who represents North Carolina's 13th District, was a decisive yes on the House version on May 22, 2025 and a yes on the final law on July 3.

In April 2025 the budget resolution letting the tax committee add up to $4.5 trillion to deficits turned on Knott's vote, and in April 2026 his yes helped pass H.Res. 1156, which calls the law the "Working Families Tax Cuts." One of the bills that comes due in his state: $22.5 billion less in federal Medicaid money over ten years.

Brad Knott's Votes on the Tax Law and the Deficit

What the Tax Law Brad Knott Voted For Costs North Carolina

Frequently Asked Questions About Brad Knott on Taxes and the deficit

What is Brad Knott's record on taxes and the deficit under Trump?

Brad Knott's votes decided the 2025 budget resolution that cleared $4.5 trillion in deficit-financed tax cuts and the House's one-vote approval of the One Big Beautiful Bill Act, and he then voted for the enacted law, under which CBO finds a $13,600 yearly gain for the top tenth and a $1,200 loss for the poorest households. In April 2026 he voted for H.Res. 1156 praising its tax policies. North Carolina loses $22.5 billion in federal Medicaid money under the law.

How does the law Brad Knott voted for change taxes and benefits for a low-income North Carolina family?

For a low-income North Carolina family, the law Brad Knott voted for means little or no tax cut and possibly a small tax increase, since ITEP finds the poorest fifth of Americans see a slight average increase, and it also brings Medicaid work reporting and a wider SNAP time limit. Counting both, CBO estimates the lowest-income households lose about $1,200 a year in resources.

Which households come out ahead under Brad Knott's tax vote?

The highest earners do: the Institute on Taxation and Economic Policy estimates that, with the law Brad Knott voted for in place, "More than 70 percent of the net tax cuts will go to the richest fifth" of Americans in 2026, and the top 1 percent receive an average cut of more than $70,000.

What does Brad Knott's tax vote do to federal interest costs?

Brad Knott voted for a law that, by pushing up interest rates, adds $405 billion to federal interest costs in CBO's dynamic estimate, as summarized by the Committee for a Responsible Federal Budget, and the same group's summary of CBO's February 2026 outlook, which includes the law, says that "Nominal interest costs will more than double from $970 billion in 2025 to $2.1 trillion by 2036."

Last updated: 2026-10-27

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