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Tax Loopholes in Coronavirus Relief Bill to Overwhelmingly Benefit the Wealthiest

HeadlineApr 16, 2020

A congressional committee reports tax provisions in the coronavirus stimulus passed by Congress last month will overwhelmingly benefit the wealthiest Americans. Four out of five tax filers benefiting from the $70 billion temporary tax loophole are millionaires or billionaires. They’ll receive an average windfall of $1.6 million — dwarfing the $1,200 payments for working Americans.

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