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Originally Posted by Jim in CT
Over the last few years, I have heard every single Democrat, and everyone in the Media, claim that "the Bush tax cuts only helped the rich".
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Out of curiosity, can you post a link to this?
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Now, I always knew that was a lie, because if you look at the tax tables on a before-and-after chart, you'd see that every single tax bracket, EVERY SINGLE ONE, got a big tax cut. The tax rates for the lowest bracket went from 15 percent to 10 percent. That's a 33 percent tax reduction for folks who ain't "rich".
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In terms of monetary savings, who benefited the most?