In Association with Amazon.com

Thursday, September 30, 2004

Click Here For Al Franken, give us a break ... Bush 2001 tax cut plan

"The lowest tax bracket under Bush's plan was reduced from 15 to 10 percent, a difference of 33 percent. No other tax bracket sees nearly such a change. Of course, if you want to look at the tax plan in pure dollars, as Franken does, Bush's plan is open to all sorts of spin. The bottom line is if you give a gazillionaire any kind of tax cut, he will obviously keep more money than someone in the bottom bracket. But that's because he's a gazillionaire. Any tax cut at the top end will benefit the top end in raw numbers alone. In the end, the top bracket is eventually lowered from 39.6 percent to 35 percent, a difference of about 12 percent. Compare that to the 33 percent savings found among those in the lowest bracket. Now people can understand President Bush when he says, 'The bottom end of the economic ladder receives the biggest percentage cuts.'2 The President is telling the truth. But Franken?"

0 Comments:

Post a Comment

<< Home