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Friday, June 24, 2005

How does Bush get Blue Collar Support?

when...
On average, the 2003 tax cut has already given $93,500 to every millionaire. It is estimated that 52 percent of the benefits of George W. Bush's 2001-03 tax cuts have enriched the wealthiest 1 percent of Americans (those with an average annual income of $1,491,000).

On average, the 2003 tax cut gave $217 to every middle-income person. By 2010, it is estimated that just 1 percent of the benefits of the tax cut will go to the bottom 20 percent of Americans (those with an average annual income of $12,200).

During at least one year since 2000, 82 of the largest American corporations—including General Motors, El Paso Energy, and, before the scandal broke, Enron—paid no income tax.

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