Tax plans widen gaps between middle and rich in talks
The Republican budget plan would cost low earners 50 000 or less 4 1 billion more next year while 200 000 plus would gain 7 4 billion. The Democratic counter offer would cut taxes for 20 000 or less by 4 billion and raise 26 7 billion on others. Details from a nonpartisan Joint Committee on Taxation analysis released by unnamed officials show broader impact on middle income groups amid stalled negotiations.
MENTIONED IN THIS ARTICLE
Washington
Congressional Joint Committee On Taxation
Federal tax hikes to cut state shares
State officials warn that rising federal taxes could erode state revenues by more than $1 billion annually. Proposals include raising the gas tax from 9 to 16 cents a gallon, spirits from $12.50 to $14.50, wine, beer, and cigarette taxes, with an estimated $4.3 billion loss to states over five years per the National Conference of State Legislatures.
MENTIONED IN THIS ARTICLE
Bush
Washington
White House
Congressional
National Conference of State Legislatures
Also Mentioned on This Page
La-Z-Boy
SUN
Bob Graham
D- Fla
Mee
London
S.M
Fallon
Orig
Misses’ & Petites
Liz
Pittsburgh
Kaufmann
Scripps Howard News Service