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|Last Year's Tax Cuts Would Cover Half the Cost of Medicare Drug Benefit, Policy Group Says|
Center on Budget and Policy Priorities
June 17, 2002
Excerpt: In a recent paper that is the most rigorous and comprehensive analysis available of the effects of last year's tax cut, William Gale and Samara Potter of the Brookings Institution estimate that when the tax cut is fully effective, the tax cuts going to the top one percent of the population will constitute 36.7 percent of the annual costs of the legislation.
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