The political spin is upside down

JRK

Senior Member
Feb 27, 2011
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The 2007 budget was within 162 billion of a balanced budget
we borrow that much each month

Yet the spin is tax breaks and big corporate "give aways" is the reason now
spending has nothing to do with it

Its upside down

GWB tax cuts does more for the poor than your being told

Overall, the biggest percentage cuts went to the poorest of the poor (those with incomes in the $10,000 range) and the next biggest to those making about $60,000. Surprised? I bet not; you’re wondering about the other cuts – the ones on dividends, capital gains, and inheritance taxes that allegedly skew gains to the rich. Well lets add all those changes in, along with all the other Bush tax breaks such as the child-care tax credit, the earned income tax credit, the AMT, etc.:

The biggest percentage tax cut—about 17.6 percent—went to taxpayers in the second-lowest quintile, that is to taxpayers with below-average incomes. After that, the size of the tax cut falls off as you move from the lower middle to the middle middle (12.6 percent) to the upper middle class (9.9 percent). It rises again slightly for the top quintile, but only to a little over 11 percent

Bush’s Tax Cuts for the “Rich” Actually Favor the Poor | AllFinancialMatters
 

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