AlterNet: The Truth About Bush's New Tax Cut

Here, in one nugget, is what you need to know about President Bush's plan to scrap taxes on dividends:

Almost half of the projected benefits from President Bush's plan to scrap taxes on dividends would go to the 1 percent of the population whose incomes top $1 million. The scheme has been promoted as beneficial to the elderly, but in fact, only 6 percent of the elderly with incomes under $50,000 get anything out of it. These figures come from a briefing Monday by the Center for Budget and Policy Priorities, a Washington think tank. Further, taxpayers who earn $35,000 or less come away with $27 more a year.