NYTimes - Herbert -- The Money Magnet

I'm sure there's no connection between fat-cat fund-raising and, say, federal tax policy. But there was some particularly interesting information about the Bush tax cuts in an article yesterday by The Times's David E. Rosenbaum. Citing data from a study by Citizens for Tax Justice, Mr. Rosenbaum pointed out that the richest 1 percent of Americans will get an average tax reduction of nearly $100,000 a year, while "the tax relief most people will receive is quite meager."

Half of all taxpayers will get a cut of less than $100 this year. By 2005, three-quarters will get less than $100.

The middle class and working people don't seem to mind that they've been blithely left behind. Mr. Bush's approval ratings are way high, so high they've got the terminally timid Democrats scared to death to confront the president head on. The man who elbowed his way into the White House with a minority of the popular vote is on a roll.

But while these may be the best of times for George W., this is not such a great moment for America.