February 21, 2001


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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.