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Killing the Class-Warfare Argument: The rich are paying more taxes since the Bush tax cuts
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| Contributor | Tony82 |
| Last Edited | Tony82 Aug 19, 2004 04:25pm |
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| Category | Commentary |
| News Date | Thursday, August 19, 2004 06:00:00 AM UTC0:0 |
| Description | One of the inconvenient facts for the foes of the Bush tax cuts is that the percentage of total taxes paid by the rich rose after the economic stimulus plan was put into effect. This consequence of the Bush tax cuts is highly damaging to the case by the Bush-haters that his tax cuts disproportionately benefit Halliburton executives and Bill Gates. Moreover, the Bush tax cuts took some 2 million low-income taxpayers off the tax roles entirely, so it’s hard to argue that working families didn’t get a financial benefit.
But the Left continues to work as best it can around these facts. The Kerry-Edwards campaign is now touting a new study by the Congressional Budget Office which purportedly finds that last year’s tax cut was tilted to the rich. There’s just one problem with this class-warfare whine: It just isn’t true. |
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