Bush’s Tax Plan Boosts Income for Top Earners by 11.6%: AnalysisRichard Rubin and Kristin Jensen
U.S. govt would lose $3.7t over 10 years, or $1.6t after assuming economic growth, under proposed tax cut from GOP presidential candidate Jeb Bush, according to Tax Foundation analysis.
- NOTE: revenue loss estimates similar to those provided by economists with ties to Bush campaign; see related story: Bush Tax Plan Sees $1.2t in Cuts in Revenue Over 10 Yrs
- Top 1% get 11.6% increase in after-tax income, or 16.4% after assuming growth, according to analysis
- All income groups get increase in after-tax income, averaging 3.3% in static score, or 11.3% assuming growth
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