New report compares GOP and Obama tax plans

Upcoming congressional decisions on which federal tax cuts to continue or end could have very different effects on Alabamians depending on their incomes, according to a recent report by Citizens for Tax Justice (CTJ), a nonprofit research organization in Washington, D.C.

The bottom 60 percent of Alabama taxpayers would pay an average of $180 more in 2011 under congressional Republicans' Proposal than under President Obama's plan, the CTJ study found. CTJ also found that the top 1 percent of Alabama taxpayers would pay $36,838 less, on average, under the GOP plan than under Obama's proposal.

Read release here.

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