Where have YOU been for the last 5 years? What's the matter CB mad cause one of your Legal Establishment cronies did get the SC nominations?
Bush fails to get deserved credit for tax cut benefits
Despite reporting distortions, a congressional report shows the rich pay proportionately more in taxes while all income earners do better
By Donald Luskin
A report from the nonpartisan Congressional Budget Office has Democratic presidential candidate John Kerry claiming it proves that “Over the last four years, the burden of taxes has shifted from the wealthy to the middle class.”
Those are politically motivated lies that distort the findings of the report. Here’s the truth.
The report proves that what President Bush said about his tax cuts is true: “Tax relief is for everyone who pays income taxes.”
It’s true for the rich, and it’s true for the not-so-rich. Across 109.4 million tax-paying households — from the wealthiest 1 percent with incomes averaging over $1 million to the lowest-earning 20 percent of people with incomes averaging $14,900 — the report shows that all income classes have seen their income tax rates lowered thanks to Bush’s cuts in 2001, 2002 and 2003.
Oh no, a Bush-bot!
If you want to post facts, post facts, and links, too.