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MichiganMat MichiganMat is offline
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Join Date: Apr 2003
Location: Bay Area, CA
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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.
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Old 08-23-2004, 05:10 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #36 (permalink)