The Taxonomist.(President George W. Bush's tax policy)(Brief Article)

THE WAR'S NOT OVER

The awful Bush tax bill has been passed and signed into law. If it takes full effect, it will undermine tax fairness, sharply increase income-and-wealth inequality, and bust the budget for years to come. Some 38 percent of the tax cuts are targeted to the best-off 1.3 million of all taxpayers, while the 78 million individuals and families in the bottom three-fifths of the income scale will share less than 15 percent of the tax breaks. And despite pious claims about fiscal responsibility from Senate "centrists" the final tax plan will cost 20 ...