HELP! I need link/info on Bush's tax cuts...

[jedicord]

and how middle income workers took the biggest hit, while the top 1% got the biggest cut.

Also, anyone have info on how much taxes "rich" people bare the brunt of?

MAJOR flame war with a Freeper friend, sent a link from scarykerry.com and I must refute!

[flpoljunkie]

1. Story on Bush tax cuts from CBS News, dated August 16th, 2004

http://www.cbsnews.com/stories/2004/08/16/politics/printable636398.shtml

Study: Bush Tax Cuts Favor Wealthy
WASHINGTON, Aug. 13, 2004


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 Friday by the Congressional Budget Office.

The tax rate declined across all income levels — but more so in the top brackets, the report said.

The study found that the effective tax rate for the top 1 percent of taxpayers dropped from 33 percent in 2001 to 26.7 percent this year, a decline of 19 percent. The middle 20 percent of taxpayers saw a decline of 4 percent.

The study, requested by congressional Democrats in May, quickly provided fodder for the presidential campaign over the fairness of more than $1 trillion in tax cuts Mr. Bush has pushed through Congress since taking office.

"Over the last four years, the burden of taxes has shifted from the wealthy to the middle class," Democratic presidential nominee John Kerry said at a campaign event in Springfield, Oregon. "The middle class is paying more taxes."

more...

[jedicord]

2. Perfecto! Just what I was looking for -- THANKS!

:toast: