Study: Gingrich Tax Plan Would Give Lion's Share To The Rich

DES MOINES, Iowa — Newt Gingrich's proposed overhaul of the tax code would cut taxes for all American taxpayers, particularly the wealthy, according to an analysis released Monday by the non-partisan Tax Policy Center.

Gingrich's plan would provide small tax cuts to those at the bottom of the income ladder, giving those making less than $10,000 an average cut of $222 under one scenario, the analysis found. The Tax Policy Center is a joint project of the Brookings Institution and the Urban Institute, two respected think tanks in Washington.

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