Performance Budgeting and Management White Papers
The Ultimate Burden of the Tax Cuts: Once the Tax Cuts Are Paid for, Low- and Middle-Income Households Likely to Be Net Losers, on Average
Overview To date, the tax cuts have been funded with increased borrowing. This postpones but does not eliminate the required payments. It can also create the misleading impression that tax cuts make almost everyone better off because the direct tax-cut benefits are immediate and quantifiable but the ultimate costs are delayed and disguised and thus often ignored. The central goal of the analysis presented in this paper is to correct this misleading impression by showing not only who benefits directly from the recent tax cuts but also who benefits and who loses once the financing of the tax cuts is considered.
| Publisher | Center on Budget and Policy Priorities | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | June 2004 | Downloads | 1 |
| Format | White Papers | ||
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