Tax cut plan gradually modified

04/21/2003 | USA Today · Christian Science Monitor, The · NYTimes.com

Congress will see a slightly different tax cut proposal when it returns from its break next week. The plan is priced at $550 billion over the next decade. Some key changes include:

  • Gradually phasing the stock dividend tax out after five years.
  • The tax cuts will not be retroactive.
  • The child tax credit increase would be gradual.

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    USA Today · Christian Science Monitor, The · NYTimes.com

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