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When the percentage reduction that the Bush tax cut would make in total federal tax burdens is examined, a different picture emerges. Under the Bush plan, the top one percent would receive a much larger percentage reduction in the federal taxes they pay than any other income group.
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www.cbpp.org/2-6-01tax3.htm
www.cbpp.org/2-6-01tax3.htm
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On February 6, the Center on Budget and Policy Priorities issued an analysis, "How Would Families At Different Income Levels Benefit From the Bush Tax Cut?" The report finds that the package of tax cuts proposed by President Bush are heavily skewed toward those at the top of the income spectrum.
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www.cbpp.org/2-7-01inclvlshort.htm
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Even if all of the Bush tax cuts are allowed to expire as scheduled, the projected cost of the Bush tax cuts to the federal budget over the next ten years is $3.9 trillion, an average of 1.4 percent of the country’s total ... President Bush signs his $1.35 trillion tax cut on June 7, 2001, at the White House.
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www.americanprogress.org/issues/2009/02/bush_recession....
www.americanprogress.org/issues/2009/02/bush_recession.html
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Such objections are indeed ironic coming from some of the greatest advocates for President Bush’s $1.35 trillion tax cut package in 2001. Indeed, when Bush introduced his tax cuts he declared, “A warning light is flashing on the dashboard of our economy, and we just can’t drive on and hope for the best.
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thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/
thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/
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Year 2000 was the highest tax receipts up to that time. Tax revenues started to decline the last two Clinton budgets. The first Bush tax cut, a Keynesian redistribution of wealth, was passed in 2001 becoming effective 2002. The second Bush tax cut, a supply side tax cut designed by Rep.
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www.econbrowser.com/archives/2009/08/the_lasting_leg.ht...
www.econbrowser.com/archives/2009/08/the_lasting_leg.html
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Tax cut information, past and present.
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www.bushtax.com/
www.bushtax.com/
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If Congress goes along with it, how does the George Bush tax cut plan work and how might it affect your taxes? ... Enough fuzzy math! What would the Bush tax cut plan mean to you -- in money?
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usgovinfo.about.com/library/weekly/aa010201a.htm
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The Senate voted Friday afternoon to approve a fiscal 2002 federal budget resolution that includes a 10-year, $1.27 trillion tax cut -- well short of the $1.6 trillion envisioned by President Bush. ... Senate restores some of Bush tax cut; April 5, 2001; Senate deals sharp blow to Bush tax plans; April 4, 2001;
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www.cnn.com/2001/ALLPOLITICS/04/06/senate.budget.04/ind...
www.cnn.com/2001/ALLPOLITICS/04/06/senate.budget.04/index.html
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TIME.com's Frank Pellegrini wields his calculator ... After scoffing at Democratic notions that only the "right kind of people" should be given tax cuts, Bush has given a tax cut to everybody — but those "right kind of people" are still getting a lot more than everybody else.
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www.time.com/time/nation/article/0,8599,98169,00.html
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