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Friday, February 27, 2004
BUSH MYTH – WE ARE CUTTING TAXES FOR AVERAGE PEOPLE
By 2010, the top 1% - who make an average of $1 million - will have received more than $1 trillion in new tax breaks, and will have received over half of all the Bush tax cuts ever passed (this might explain why four in five Americans say they have felt no tax relief). To combat this embarrassing truth, the Administration resorted to disingenuous rhetoric, citing deceptive averages [lying with statistics] to claim that its most recent tax proposal would give "91 million taxpayers an average tax cut of $1,126." Yet, these averages were artificially inflated because they included huge tax breaks to millionaires. In reality, the middle fifth of all households received just $217, with 83% of Americans getting less than the "average" – all while the Administration is effectively raising taxes on the middle class. Most shockingly, the President himself admitted that he knew he was misleading Americans by claiming the tax cuts helped average people. As he asked his economic team when they were pondering even more tax cuts, "Haven't we already given money to rich people? Shouldn't we be giving money to the middle?"
-- Progress Report
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