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New Tax Break for Business
ResumeSome say the new bill will spur job growth and give new strength to America's struggling manufacturers. Others say it is packed with pork and just shifts the tax burden yet again to the little guy. Corporations' share keeps dipping, from 27 percent in the 1950s, to 20 percent in the 1960s, to 12 percent during Clinton's second term.
Click the "Listen" link to hear about America's tax burden and who carries it.
Guests:
Dan Parks, economics and finance editors at the Congressional Quarterly
Bob McIntyre, director, Citizens for Tax Justice, a public interest research organization. He is also contributing editor at The American Prospect magazine.
Dan Mitchell, senior fellow in political economy at the Heritage Foundation, a conservative think tank. He is author of "The Flat Tax: Freedom, Fairness, Jobs, and Growth."
This program aired on June 17, 2004.