The Office of Management and Budget issued a new set of guidelines for regulatory analysis a couple of weeks ago, and it’s surprisingly important. It’s also pretty technical, so hang on.
… A dollar of benefits to the poorest group is now worth more than $700 in cost to the richest group.
What the article actually says is $1 is valued by a poor person, as much as $700 is valued by a rich person. So, a $7000 tax cut to a rich person, is as valuable to him, as a $10 tax cut to the poor person.