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The latest on the Key Bridge collapse, New York puts forth legislation to get clean energy projects on the grid and Wisconsin and other states join a federal summer food program to help feed kids across the country.

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Republicans float conspiracy theories on the collapse of Baltimore's Key Bridge, South Carolina s congressional elections will use a map ruled unconstitutional, and the Senate schedules an impeachment trial for Homeland Secretary Myorkas.

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Historic wildfires could create housing and health issues for rural Texans, a Kentucky program helps prison parolees start a new life, and descendants of Nicodemus, Kansas celebrate the Black settlers who journeyed across the 1870s plains seeking self-governance.

Report Finds Trump Tax Plan Benefits Few Virginians

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Friday, August 4, 2017   

RICHMOND, Va. – President Donald Trump's tax proposals would do little for most Virginians, according to a new analysis.

The report from the Institute on Taxation and Economic Policy finds the richest one-percent of Virginians would receive 60-percent of the tax cuts in the plan, with the poorest 20 percent getting less than one percent.

Matt Gardner, a senior fellow at the institute, says that trend is echoed on a larger scale.

"Richer states tend to do better, poorer states tend to do worse," he says. "In a way, that mirrors what's happening nationwide, with richer Americans getting the lion's share of the benefits and poorer Americans being comparatively left out in the cold."

Proponents of Trump's proposal say all Americans will see their taxes reduced, and claim the move will create more revenue by stimulating economic growth.

Gardner disagrees, and notes the nation's top earners would receive an average of $145,000 dollars in tax breaks, compared with just $90 for the bottom 20 percent of earners in Virginia.

Gardner adds there's no evidence to support the supply-side argument that tax cuts can pay for themselves. He says the tradeoff on nearly $5 trillion in lost tax revenue would likely be cuts in health-care, education and food-assistance programs.

"Under any realistic view of the economic consequences of this plan, we're going to see larger budget deficits," he adds. "First on the chopping block would be federal aid to low-income Americans."

The White House also has proposed cutting SNAP benefits, the program once known as food stamps, by 25 percent over the next decade. But 70 percent of SNAP recipients are children, seniors and people with disabilities; and more than 20 percent work full-time, are caregivers or are enrolled in training programs.


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