Bush lies on distribution of tax cut benefit

[papau]

http://daily.misleader.org/ctt.asp?u=1338421&l=50504

BUSH MISLEADS ON DISTRIBUTION OF TAX CUTS

As a presidential candidate in 2000, George W. Bush pledged his tax cut
proposals "are especially focused on low and moderate income families."<1>
Those proposals became law - but a new study by the non-partisan
Congressional Budget office reveals that Bush mislead America about their
distribution.<2>

According to the CBO study, the wealthiest 1 percent of all taxpayers -
whose earnings average $1.2 million - are receiving an average tax cut of
$78,420 this year.<3> Meanwhile, the middle 20 percent of taxpayers - whose
earnings average $51,000 - are getting only a $1,090 cut.<4> Those in the
bottom 20% - averaging earnings of $16,620 - get just a $250 cut.<5> The
result: "President Bush's tax cuts have shifted federal tax payments from
the richest Americans to a wide swath of middle-class families."<6>

Sources:

1. "A Tax Cut with a Purpose," GeorgeWBush.com, archived from 11/2000,
http://daily.misleader.org/ctt.asp?u=1338421&l=50505.
2. "Effective Federal Tax Rates Under Current Law, 2001 to 2014,"
Congressional Budget Office, 08/2004, http://daily.misleader.org/ctt.asp?u=1338421&l=50509.
3. "Report Finds Tax Cuts Heavily Favor the Wealthy," New York Times,
08/13/04, http://daily.misleader.org/ctt.asp?u=1338421&l=50506.
4. Ibid, http://daily.misleader.org/ctt.asp?u=1338421&l=50506.
5. Ibid, http://daily.misleader.org/ctt.asp?u=1338421&l=50506.
6. "Tax Burden Shifts to the Middle," Washington Post, 08/13/04,
http://daily.misleader.org/ctt.asp?u=1338421&l=50507.

[joefree1]

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[buycitgo]

2. I get em, along with the CFAP ones

what was his idiotic quote from the debates on taxcuts?

really really stupid, and Gore called him on it, I think

the media hoes let him off scott free, IIRC