July 11, 2018

The Hill: Tax Cuts Since 2000 Have Mostly Benefited High Earners

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Households in the top fifth of income levels have received 65 percent of the value of tax changes enacted since 2000, according to a report released Wednesday by the left-leaning Institute on Taxation and Economic Policy (ITEP).

The report looked at significant tax cuts and increases enacted during the administrations of George W. Bush, Barack Obama and Donald Trump.

These include the Bush tax cuts and the permanent extension of most of them, expansions of the earned income tax credit and child tax credit, ObamaCare taxes on high earners and Trump’s tax law passed last year.



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