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According to tax economists, many families in the middle of the middle-class today would be too rich to benefit from President Clinton's "middle-class" tax cuts that are to take effect in 1998. For a married couple who are both working and raising two or more children:
Analysts observe that if only the father worked, earning $45,000, then the president's plan would afford the family the full $800 tax cuts. If the mother goes to work for $25,000, however, the same family immediately becomes too "rich" to qualify for the full credits. Editorial, "The Middle Class Mr. Clinton is Missing," Washington Times, July 18, 1997. |
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