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December 13, 2011

Report: Wealthy Americans Would Benefit Most From Gingrich Tax Plan 
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In campaign news, a new report from the Tax Policy Center confirms
wealthy Americans stand to benefit most from the tax planned offered by
Republican presidential hopeful Newt Gingrich. According to the Center,
Gingrich's plan would give the wealthiest 1 percent of Americans a
$430,000 tax cut. The wealthiest 0.1 percent of Americans would get a
$2.3 tax reduction. Meanwhile, more than half of the nation's poorest 20
percent would not see any tax benefit at all under the plan. The Center
also estimates Gingrich's plan would add about $1 trillion to the
federal deficit in a single year.



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