Check this out - Original analysis on Bush tax plan based on gov't data

[ohio_dem_52186]

I've just ran through a bunch of my own calculations based on the Congressional Budget Office report on Bush's tax cut. Also some info on corporate tax cuts from U.S. Dept. of Commerce.

You've got to check out some of the numbers, if you want to convince somebody that Bush favors the rich, this is your ammo. All data is from official gov't documents and thus bullet-proof.

http://getthefacts.atspace.com/

A few choice facts:

Tax rate drop from 2000 to 2003:
Lower 20%, 1.4 pts
Upper 20%, 3.1 pts
Top 1%, 5 pts
Corporations, 9.4 pts

Expected tax cut in 2004 as percentage of income:
Lower 20%, 1.6%
Upper 20%, 3.7%
Top 1%, 6.6%

I have everything cited and posted on my website as well as the Excel file for anybody who wants to check it out.

Let me know if you think the stuff is useful. If you want some custom-info, let me know and I might be able to get it to you.

Finally, my favorite Bush quote on tax:
"These are the basic ideas that guide my tax policy: lower income taxes for all, with the greatest help for those most in need. Everyone who pays income taxes benefits — while the highest percentage tax cuts go to the lowest income Americans. I believe this is a formula for continuing the prosperity we've enjoyed, but also expanding it in ways we have yet to discover. It is an economics of inclusion. It is the agenda of a government that knows its limits and shows its heart."

[ohio_dem_52186]

1. Clarification - By original, I mean new...