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Cutting Taxes to Promote Growth and Restore Fairness: A Memo to President-elect Obama

President-elect Obama, a centerpiece of your campaign was your pledge to cut taxes for 95 percent of American workers. Middle-class voters, especially, connected strongly with thispledge and expect their taxes to decline. Tax cuts are one key wayto strengthen the economy for both the short term and long term,creating jobs and increasing wages. Targeting families, workers,and small businesses is a good starting point, but your promisedtax cuts will deliver only minimal benefit to the groups youta...
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