June 5, 2003 04:05 PM | | Bookmark and Share

The tax cut plan approved by House and Senate negotiators last night offers the wealthiest one percent of Americans an average of almost $100,000 in tax reductions each over the next four years. At the same time, the final bill sharply scales back the already modest middleincome tax cuts included in earlier bills, by phasing out those provisions after two years.

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