yet according to the Citizens for Tax Justice the Bush 2003 Tax Cut boils down to this:
GW says that his tax cuts help the middle class and that "Ninety-two million Americans will keep an average $1,083" tax cut
Last updated 2004-05-20
Bush himself will pocket $44,500 in tax savings and guess what Cheney keeps: as much as $327,000. Compare this to the average income of $22,900 for the “bottom” 60%. Bush meant mean not median. Hint: if Mr. Microsoft walks into the Springtown Green Grocer, the “average” income is a billion plus. .
|Average Savings ||Savings for top 1% ||48% get Less than $100 ||31% get nothing |
|$ 289 ||$ 30,127 ||64 million ||42 Million |
Here is a comprehensive assessment of the Bush Administration's record on cutting taxes shows that two-thirds of the Bush tax cuts this year are going to the top fifth of the population, while at the same time, many states have been forced to raise taxes and fees that disproportionately hit the middle class.
See Read more about the GW budget
Citizens for Tax Justice
Left Behind in Good Times and Bad