Report Finds Tax Cuts Heavily Favor the Wealthy
By EDMUND L. ANDREWSPublished: August 13, 2004
WASHINGTON, Aug. 12 - Fully one-third of President Bush’s tax cuts in the last three years have gone to people with the top 1 percent of income, who have earned an average of $1.2 million annually, according to a report by the nonpartisan Congressional Budget Office to be published Friday.
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