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“MIDDLE-CLASS” TAX CUTS
"Most of the tax cuts went to low and middle income Americans, and now the tax code is more fair, 20 percent of the upper income people pay about 80 percent of the taxes in America today because of how we structured the tax cuts."
The top 1/5th of earners receive 2/3rds of all benefits and the bill excluded extending the child tax credit to 4 million low income families who do not qualify. Middle class earners will receive an average cut of $162 in 2005.
Source: Center on Budget and Policy Priorities 04.14.04
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