FROM THE OFFICE OF PUBLIC AFFAIRS April 24, 2001PO-217 THE PRESIDENT'S TAX RELIEF PLAN Today the Treasury Department released new data that show how many Americans will benefit from the President's tax relief plan when it is fully phased in. Treasury Secretary Paul O'Neill stated, "These numbers show that President Bush's tax relief plan will let tens of millions of working Americans and their families keep more of their hard-earned income."
"The numbers speak for themselves and they speak with a single voice: The President's plan gives tax relief to grandparents, grandchildren, and millions of Americans in between," stated O'Neill. Source: Office of Tax Analysis. Projections based on 2002 income and population levels. The analysis is based on the following provisions: creating a new 10 percent individual income tax bracket, reducing individual income tax rates, reducing the marriage penalty, providing charitable deductions for non-itemizers, and increasing the child tax credit. |
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