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Analysis of the Carter Tax Proposal

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Publication Date: July 1978

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): David A. Williams

Topic: Banking and finance (Taxation and tax policy)

Keywords: Taxes

Type: Report

Abstract:

On Saturday, January 21, 1978, President Carter released a proposal that called for a $25 billion income tax reduction for individuals and businesses while eliminating $9 billion in tax shelters for upper-income and middle-income taxpayers.