[Mb-civic] Bush Misleads on Tax Cuts

[The Daily Mislead]

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THE DAILY MIS-LEAD
< www.Misleader.org >
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BUSH MISLEADS ON TAX CUTS

At Thursday's debate President Bush said most of his tax cuts "went to low- and middle-income Americans."[1] That statement is flatly false.

An analysis by the Center on Budget and Policy Priorities found that, in 2004, the top 20 percent of earners received 69.8% of the tax cuts enacted by President Bush.[2] While the middle 20 percent of earners received an average tax cut of $647, the top 20 percent received an average tax cut of $5,055.[3] As a result, those in the middle class are paying a greater share of the federal taxes today than they were four years ago.[4]

Sources:

1. "Transcript of Debate Between Bush and Kerry, With Domestic Policy the Topic," New York Times, 10/13/04, http://daily.misleader.org/ctt.asp?u=1136375&l=62971.
2. "Tax Returns: A Comprehensive Assessment of the Bush Administration Tax Cuts," Center on Budget and Policy Priorities, 04/04, http://daily.misleader.org/ctt.asp?u=1136375&l=62972.
3. Ibid, http://daily.misleader.org/ctt.asp?u=1136375&l=62972.
4. "Tax Cuts Go Mostly to the Rich," OMB Watch, 2004, http://daily.misleader.org/ctt.asp?u=1136375&l=62973.

Visit www.Misleader.org for more about Bush Administration distortion.>>



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