Brief Congress Morphs an 'Itty-Bitty' Tax Cut Into a Budget Buster
Leonard E. Burman, Peter Orszag
Display Date
File
File
Download Report
(83.9 KB)

[Los Angeles Times] On May 15, the Senate passed a tax cut that would probably prove even more costly and less responsible than the Bush Administration. The president's dividend-relief proposal would cost almost $400 billion over the next 10 years. The Senate version could end up costing much more. Instead of ending the "double taxation" of corporate income, the Senate bill threatens to end all taxation of corporate income.
Primary topic Individual Taxes
Research Area Individual Taxes Business Taxes Federal Budget and Economy