ConNiPtioNs

Bush Tax Cuts for the Wealthy, Part iv

Some "Facts":
• The 226,000 Americans with an Adjusted Gross Income of over $1,000,000 would get an average tax cut of almost $90,000 from the Bush growth package alone --- while the middle 20% of the population would get a tax cut of only $256.
  (Urban-Brookings Tax Policy Center).
  
• One half of the tax cuts derived from the Administration's proposal to eliminate the tax on dividends and reduce capital gains would go to the top 1% of taxpayers-three fourths to the top 5%.
  (Citizens for Tax Justice)
  
• 31% of the nation's taxpayers would get no benefit from the Bush Tax Cuts and almost half (48%) would receive less than $100 in tax cuts. (Citizens for Tax Justice). Under the Bush proposal to cut dividend taxes, Bill Gates will receive $38 million per year in dividends tax-free.
  (Toronto Star, 2/9/03)
  
• Many members of the Bush administration stand to benefit handsomely
  from the new cuts: "Treasury Secretary John Snow tops the list with a
  $275,000 windfall... Secretary of Defense Donald Rumsfeld could
  pocket an extra $184,000. And not far behind is the $181,000 that
  could go to Secretary of Commerce Don Evans," according to AFSCME.
  (MoveOn.org)

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