|
Here a little clipping that I like from Salon.com:
The non-partisan Congressional Budget Office said one-third of the tax cuts had gone to the richest 1% of Americans, who earn an average of $1.2 million a year.
The average tax cut for them totalled $78,500.
By contrast, those in the middle income bracket got a tax cut of $1,000 and the poorest fifth were doled out the majestic sum of $250 for the whole year. Some tax cut.
The problem for the economy is that rich people don't spend tax cuts as a rule. Poor people do, as any economist could have told Mr Bush, had he been inclined to listen, which is doubtful.
__________________
'75 911S 3.0L
'75 914 3.2 Honda J
'67 912R-STi
'05 Cayenne Turbo
'99 LR Disco 2, gone but not forgotten
|