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Publication Date: March 2008
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Aviva Aron-Dine
Research Area: Banking and finance
Keywords: Economic projections; Tax code; Economic inequality; Income diversity
Type: Report
Abstract:
Under current law, nearly all provisions of the 2001 and 2003 tax cuts are scheduled to expire at the end of 2010. The President's budget calls for making these tax cuts permanent.
The enacted tax cuts and their extension carry a high cost. This raises the question: how would the large sums involved be distributed among different income groups?