a
ichigan State Univ r ity
r John Sch eitzer get
aULKRATE
U.s.
PAID
Benton H.rbor.
14e022
Perm No.50
Adell" Cor. R qat
2se
VOL. VIII 0.3 DECEMBER 16 - 22.1985
Bill Off. r /
B n fit to Poor,
iddle Income
WASHINGTO -The House
Way and eans Committee
tax reform bill would provide
nearly • 30 billion in tax relief
over the next five years to tax­
payers with incomes ofless than
'20,000, according to a ne
analysis' ued Dec. 1 3 by the
Center on Budget and Policy
Priorities.
In releasin the analysis, the
Center noted that the bill
would be of particular benefit
to Black families. Three of
every five Black families have
income belo $20,000 a year,
and one-fifth income
below '10,000.
The analys' , based on data
from the Ways and Means Com­
mittee, the Joint T Commit­
tee of the Congre , and the
Internal Revenue Service, finds
that a family of four ith
income at the poverty line
ould have its . combined
federal income and p yro11 ra
for 1987 cut from $1,271 to
$ 399 under the bill hich
failed to com up for consid r -
tion Dec. 10, before th full
Hou e becaus of Republican
oppo ition ,_
PRESIDE T SUPPORTS the
bill though t pre s time had
not demonstrated the ability to
rally support from his party
members in either house.
The bill also provide ub­
stantial tax reduction to tax­
payer be een $20,000 and
'75,000, the analy is finds,
All but 1% of B ck
hou eholds hav incomes
belo 'n,ooo.
In ddition, the naIy i
note that 6 . .5 million 10 er
income hou hol who no
are required to p y incom tax
Continu on P 9 3
d tail. ithout He hing them
ac