Only a Few of the 2001 & 2003 Tax Cuts Benefit Families with Modest Incomes But a Superficial Treasury Analysis Obscures This Fact
Publication Date: August 2008
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Household income; Financial projections; Economic inequality
A recent Treasury report, apparently intended to encourage the extension of all of the 2001 and 2003 tax cuts, incorrectly implies that many of these tax cuts benefit low- and middle-income taxpayers.