We need a new Democratic Party

[hfojvt]

103. wrong again

I hate to be rude, but wrong again

"What you can't seem to come to grips with is that the tax code is progressive. Therefore, if you cut taxes for people earning $250,000 or less, the rich benefit too."

maybe you have forgotten the "making work pay credit".

Should I link you again to CTJ where they show how much better the making work pay credit was than the accursed payroll tax cut?
Here, I have it on speed dial http://www.ctj.org/pdf/taxcompromise2010.pdf

Note the table on page 3. A $57 billion tax cut that gives
$0 to the top 1%
1.4% to the top 5% and
27.9% to the bottom 40%

Well, how about that, all tax cuts do NOT have to favor the rich, like defenders of the Bush tax cuts have been saying for decades.

And, of course, creating a 5% tax bracket on the first $5,000 of taxable income would benefit the rich, but NOT disproportionately. That is something Obama chose to do - disproportionately benefit the rich.

And if the standard deduction was doubled, that too, might benefit the rich, some of them maybe do not itemize 1 or 2% of them, but the other 98% would see no benefit from it.

So now that I have taken the trouble to explain that I DO understand tax policy, could you stop repeating the nonsense about how all tax cuts will favor the rich?