Federal Income Tax Cuts and Low-Income Families

Research Report

Federal Income Tax Cuts and Low-Income Families

January 1, 2001

Abstract

Recent large federal budget surpluses have spurred debate on how best to use the money. Some see surpluses as an opportunity to pay down the federal debt, to expand programs to meet such social needs as health care and education, or to secure the future of Social Security. Others propose returning some of the money to taxpayers by cutting federal income taxes, an option championed by President Bush that has widespread support in Congress.

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