Quote:
Originally Posted by RIJIMMY
No, that is false. Democratic propaganda. The Bush tax cuts were across the board.
|
Not totally true.
The 2001 Bush tax cuts were intentionally graduated to impact the wealthy more during the later years of the program, and this was changed in 2003 to accelerate the benefits to higher wage earners.
Additionally, the tax cuts were designed to expire in 2011 specifically so they could avoid rules intended to protect hidden spending, really to hide the true cost.
Yes, the rich pay more, blah blah blah, we all know this but the 2001 tax cut wasn't really as simple as being across the board.
-spence