February 21, 2001

THOSE $1,600 TAX CUT CHECKS

View PDF version
View PDF of Full Report
View HTML of Full Report

If you cannot access the file through the link, right-click on the underlined text, click "Save Link As," download to your directory, and open the document in Adobe Acrobat Reader.

On February 14, the Center on Budget and Policy Priorities released an analysis, "Those $1,600 Tax Cut Checks." The report examines the Administration's claim that the typical American family of four would receive a tax cut of $1,600 under President Bush's tax-cut plan. The report includes the following findings: 

It is possible to design a tax package that, as compared to the Bush plan, provides similar tax reductions to middle-class families and more adequate relief to lower-income working families -- and does so at a much lower cost. Such a package could include making the child tax credit available to low-income families that pay payroll taxes and expanding the Earned Income Tax Credit in order to, for example, reduce marginal tax rates and marriage penalties.