Monday, September 27, 2004

Middle Class Tax Cut is a Myth

"The ["middle-class" tax-cut legislation that the House and Senate approved September 22] is not the middle-class package it is portrayed as being. . . . Data from the Urban Institute-Brookings Institution Tax Policy Center show that the families in the middle of the income scale � those in the middle 20 percent of the income distribution � will receive an average tax cut of $162 in 2005 from this legislation. By contrast, those in the top fifth will get an average tax cut of $1,317, and those in the $200,000 - $500,000 income range will get an average tax cut of $2,390. More than two-thirds of the tax cut � 70 percent of it � will go to those in the top fifth. Some 47 percent of the tax cut will go to those in the top tenth of the income spectrum. But families in the middle 20 percent of the income scale will get only 9 percent of the bill's tax cuts." ("New "Middle-Class" Tax-Cut Represents Cynical Policymaking," Robert Greenstein, Center on Budget and Policy Priorities, Sept. 24, 2004) more here:

Now you didn't think you were going to get a real tax cut, did you?? Hell, my first tax cut cost me $60 more per week. This charade reminds me of the one that recently deceased ex-pres, Reagan, handed out in the '80's, right before he crashed the economy in '86.

Good news, though, change is on the way.

9 Comments:

At 9/27/2004 8:22 AM , Blogger Michael Moore-on said...

Wow, I get yelled at for not citing "credible" sites and you throw this fodder up? Gimme a break...

By the way, check out the bookies, they have the president getting re-elected:

Last Update: 9/27/2004 Bush 68.01% Kerry 31.99%

See for yourself: http://sportsgrinder.blogspot.com/

 
At 9/27/2004 8:52 AM , Blogger ProgressivePatriot said...

Looks like you live in a fantasy world, too Moron....like your leader.
I'll pass on checking your source.....I use professional pollsters, you know, the pollsters you don't see on Faux news.

 
At 9/27/2004 10:49 AM , Blogger Michael Moore-on said...

Oh!, you mean the ones at the New York Times, silly me...

 
At 9/27/2004 5:18 PM , Blogger Justin said...

How is it not a credible site? It has the sources of the information listed.

I think it's not credible in your eyes just because you don't want it to be.

 
At 9/28/2004 8:44 AM , Blogger Michael Moore-on said...

This comment has been removed by a blog administrator.

 
At 9/28/2004 11:23 AM , Blogger Michael Moore-on said...

This comment has been removed by a blog administrator.

 
At 9/28/2004 11:46 AM , Blogger ProgressivePatriot said...

You are not going to be allowed to harass people here, Moron.
You wouldn't do it to my face because, I would break your filthy neck with no problem.
Grow up, you idiot.

 
At 9/28/2004 4:05 PM , Blogger Justin said...

More personal attacks? Urgh... typical.

 
At 9/29/2004 2:54 PM , Blogger Jesus H said...

The proof of the non-existance of the cuts going to non-amazingly rich people is in the fact that we got only 300-600 dollars in the mail.

300 bucks instead of universal health care? No
300 bucks instread of better schools? No

O yeah, almost forgot, 87 fucking billion bucks for un-nessesary war? HELL NO!
I thought they were supposed to be fiscally responsible . . .

 

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