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September 23, 2010

Study: Majority of US Tax Breaks, Incentives Benefit the Wealthy
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A new study shows that tens of billions of dollars in US government tax
breaks and other incentives mostly went to the wealthiest Americans last
year. Of nearly $400 billion in spending to spur growth in home
ownership, retirement savings, business start-ups and education, more
than half benefited the wealthiest five percent of taxpayers. The study
was sponsored by the Annie E. Casey Foundation and the Corporation for
Enterprise Development. The authors conclude: "We can ill afford a
federal wealth-building strategy that primarily helps those who are
already wealthy."



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