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December 29, 2005

Two tax cuts primarily benefiting millionaires begin 1/1/06. Congress declines to rethink these tax cuts as it proposes to cut aid to low-income families


View image of which income groups reap the benefits

Sometime early next year, the House of Representatives is expected to vote on the budget reconciliation legislation that the Senate passed on December 21 and the House passed in a slightly different version on December 19. That legislation would make significant cuts in a number of programs serving low- and moderate-income families and individuals, including Medicaid, child support enforcement, and student loans.

Posted by Gary Holden at December 29, 2005 8:19 PM