Wednesday, May 24, 2006

What tax cut?

This analysis of the effect of Bush's latest tax cut (scroll to bottom of article) shows how the benefits of the legislation will be distributed. To me, the most stark statistic is that 5% of the benefits from the cuts will be shared by persons earning less than $75,000 per year, which equals seventy-five percent of American households; conversely, 95% of the benefits will go to those earning more than $75,000.

If you wonder why so many folks in the middle class still vote Republican, so do I.

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