Bush tax cuts seen hurting middle classThe tax cuts didn't hurt the middle class (whatever that is). As the story says, the tax rate declined across all income levels. How does a lower tax rate for the middle class hurt the middle class? Oh, the middle class didn't get as big a tax break as the so-called rich, who continue to pay the lion's share of income taxes. It's just not fair -- to the "rich".
President Bush's tax cuts since 2001 have shifted more of the tax burden from the nation's rich to middle-class families, according to a study released yesterday by the nonpartisan Congressional Budget Office.
The tax rate declined across all income levels — but more so in the top brackets, the report said....
Sunday, August 15, 2004
I Just Have to Say Something about This
Many other bloggers have commented on this, but I can't resist adding my dime's worth. Media left, right, and center are parroting the party line about the effects of the Bush tax cuts. As the Washington Times (of all papers) says:
Posted by Loquitur Veritatem at 1:48 PM
Categories: Economics: Principles and Issues