#4. BUSH CLAIMS: Most of the tax cuts went to low and middle income Americans, and now the tax code is more fair, 20 percent of the upper income people pay about 80 percent of the taxes in America today because of how we structured the tax cuts.
REALITY:
In 2004, Top One Percent Will Receive Average Tax Cut Of $35,000; Middle Class Will Receive Average Tax Cut Of $647. The benefits of Bushs tax cuts primarily benefit the rich. The top one percent of households will receive tax cuts averaging almost $35,000--or 54 times more than middle-class families. Households with incomes above $1 million will receive tax cuts averaging about $123,600. [Center on Budget and Policy Priorities, 4/14/04]
REALITY:
In 2004, Top One Percent Will Receive Average Tax Cut Of $35,000; Middle Class Will Receive Average Tax Cut Of $647. The benefits of Bushs tax cuts primarily benefit the rich. The top one percent of households will receive tax cuts averaging almost $35,000--or 54 times more than middle-class families. Households with incomes above $1 million will receive tax cuts averaging about $123,600. [Center on Budget and Policy Priorities, 4/14/04]
supernaught:
Thanks for the b-day wishes.