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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:
Despite the severe long-term budget shortfalls the nation faces, the Administration has not proposed measures to offset the cost of extending these tax cuts. Nor has it proposed measures to pay for extending relief from the Alternative Minimum Tax, which, if left unchanged, will affect increasing numbers of middle-income taxpayers and take back a substantial portion of the value of the 2001 and 2003 tax cuts