Luddly Neddite
Diamond Member
- Sep 14, 2011
- 63,947
- 9,980
- 2,040
Who benefits from Bush’s tax cuts? - Salon.com
Source:
http://www.ctj.org/pdf/bushtaxcutslosers.pdf
This is nothing we all don't know but why would working/poor class be in favor this? Its not as though it would help our economy. Just the opposite is true - which we also know.
Just 1.9 percent of Americans, according to a new report from the nonpartisan Center for Tax Justice, which also broke down the impact of the policy on a state-by-state basis. In 22 states, even fewer people, just 1.5 percent would lose some tax benefits. Under the Republican approach, about 32 percent of the overall tax benefits would go to the top 1 percent of Americans, and nearly half would go to the top five percent. Under Obamas approach, which would preserve the cuts only for families making less than $250,000 a year, those numbers are just 11.4 percent and 30.8 percent, respectively. And despite their talk of deficit control, the Republicans plan would cost almost $1 trillion more than Obamas over ten years.
Source:
http://www.ctj.org/pdf/bushtaxcutslosers.pdf
This is nothing we all don't know but why would working/poor class be in favor this? Its not as though it would help our economy. Just the opposite is true - which we also know.