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Lower Gas Prices Like Huge Tax Cut for Middle Class

Lower Gas Prices Like Huge Tax Cut for Middle Class

The Wall Street Journal - Eric Morath

Falling gas prices will free up billions of dollars for consumers to spend next year—and the middle class will see most of the benefit. Lower prices at the pump, down about 60 cents a gallon from a year ago, will have the equivalent effect of cutting taxes in the U.S. by between $100 billion and …

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