CBO says Bush Tax Cuts Tilted to Rich-but GOP say that's more progressive!

[papau]

Does anyone wonder how the media can print Rep. Bill Thomas of California, chairman of the House of Representatives Ways and Means Committee comment that said the report showed Bush's tax cuts "have made the tax code more progressive and taxpayers across the income spectrum will be saddled with higher tax burdens if the tax cuts are not made permanent" without noting that the report said no such thing? Honesty is not a requirement in the US Media.

http://story.news.yahoo.com/news?tmpl=story&cid=584&ncid=584&e=7&u=/nm/20040814/pl_nm/campaign_taxes_cbo_dc

CBO Report: Bush Tax Cuts Tilted to Rich

Fri Aug 13, 8:30 PM ET
By Vicki Allen WASHINGTON (Reuters) - One-third of President Bush's tax cuts have gone to the wealthiest 1 percent of Americans, shifting more burden to middle-income taxpayers, congressional analysts said on Friday.

The report by the nonpartisan Congressional Budget Office and calculations by congressional Democrats based on the CBO findings fueled the debate over the cuts between Bush and his Democratic challenger in November, Sen. John Kerry .

Using the CBO's figures, Democrats in Congress said the top 1 percent, with incomes averaging $1.2 million per year, will receive an average tax cut of $78,460 this year, and have seen their share of the total tax burden fall roughly 2 percentage points to 20.1 percent.

In contrast, the report showed that households in the middle 20 percent, with incomes averaging $57,000 per year, will receive an average cut of $1,090 while their share of the tax burden would move to 10.5 percent from 10.4 percent. <snip>

[Trillo]

1. Not really.

I like it when reporters quote lying politicians. The reporters just don't go the extra step and connect the dots for the reader.