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Most millionaires would receive a tax cut under Democrats' latest spending proposal

November 13, 2021 Robert Harrington

A majority of millionaires would receive a tax cut under the newest reconciliation framework unveiled by House Democrats, according to a new analysis published this week.

The non-partisan Tax Policy Center found that two-thirds of people making more than $1 million a year would see an average tax cut of $16,800 next year.  READ MORE

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