F R I D A Y , A U G U S T 1 3 , 2 0 0 4Bush's Tax Cuts Favored the Rich...Duhby Michael in New York on 8/13/2004 01:01:00 AMIt seems obvious, but hopefully the Congressional Budget Office'sclear analysis that Bush's tax cuts were heavily weighted towards therich will gain traction.</p><p> One-third of the entire tax cut went to the top1%.</p><p> Two-thirds went to people making more than $200,000.</p><p> Bush'speople lamely say, "See, this proves everyone benefits sinceeveryone gained a little." But if you save $20 on your taxes andsomeone in the top 1% saves $2 million, well that's the verydefinition of a poorly targeted tax cut.</p><p> I'm all for smaller tax cuts foreveryone (just because someone is successful in business is noreason to soak them).</p><p> And the government will spend every pennyyou give it.</p><p> But when you're trying to stimulate the economy andthere is massive overall debt (as opposed to the massive annualdeficits Bush brought back into fashion), then stealing from the poor(by cutting the social programs that could help lift them out ofpoverty) and giving to the rich is a terrible idea.</p><p> IRS Tax Debt ReliefYou could reduce back taxes! Get fast helpand end your IRS debtFreedomTaxRelief.comOwe Back Taxes?Get Tax Relief & Stop IRS Debt Now.</p><p> Ex-IRSAgents.</p><p> Learn More About Us!TaxIncorporated.comFlat or Fair Tax?Tell us what you would like to see replace thecurrent tax code.www.FreedomWorks.org/ScrapTheCode Add New Comment Logged in as AnonymousUser Logout from DisqusLogged in asusing Facebook Connect (Logout)Type your comment here.</p><p> Unclaimed Register withDISQUSWhy?Use Media ▼Community Page Comments feed Trackbacks(Trackback URL)blog comments powered by Disqus Daily KosShuster, Blow slam wingnut rhetoric - DavidShuster leads a panel discussion with gun activistAllan Gotlieb and New York Times columnistCharles Blow on the escalation of the right-wing’sre...12 minutes agoPaul KrugmanOne more time - Brad DeLong is, rightly, horrifiedat the great Ricardian equivalencemisunderstanding.</p><p> It's one thing to have anargument about whether consumers are perf...13 minutes agoHuffPost PoliticsLincoln Leaves Door Open For EFCA Compromise -Senator Blanche Lincoln on Monday announcedthat she would vote against the Employee FreeChoice Act.</p><p> But later she elaborated, leaving thedoor open for...19 minutes agoCrooks and LiarsMichelle Bachmann warns of politically correctre-education camps for young people - Isn't thestate of Minnesota embarrassed enough alreadyover Norm Coleman's hold out? They re-electedone of the craziest members of Congress back intoo...32 minutes agoEschatonDeep Thought - When my house gets foreclosed I'llprobably be pretty happy if there's a reeducationJ O H N ' S P H OT O S IRS Tax Debt ReliefYou could reduce back taxes! Getfast help and end your IRS debtFreedomTaxRelief.comNational TEA Party DaySend Congress a Message.</p><p> SignOur Online Citizen Co-SponsorPetition.www.DavidVitter.com/TeaPartyPhoenix Tax PreparationExperienced tax accounting firmOver 20 years of experience!www.ConsultaxInc1.comOwe Back Taxes?Get Tax Relief & Stop IRS DebtNow.</p><p> Ex-IRS Agents.</p><p> Learn MoreAbout Us!TaxIncorporated.com AMERICAblog News| A great nation deserves the truth: Bush's...http://www.americablog.com/2004/08/bushs-tax-cuts-favored-r... 1 of 64/6/09 7:41 PM
