Only a Few of the 2001 & 2003 Tax Cuts Benefit Families with Modest Incomes But a Superficial Treasury Analysis Obscures This Fact

Horney, Jim; Huang, Chye-Ching

Only a Few of the 2001 & 2003 Tax Cuts Benefit Families with Modest Incomes But a Superficial Treasury Analysis Obscures This Fact

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Publication Date: August 2008

Publisher: Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Jim Horney; Chye-Ching Huang

Research Area: Banking and finance

Keywords: Household income; Financial projections; Economic inequality

Type: Report

Abstract:

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.