Bush's most-favored taxpayers: the top 1 percent will gain the most from the coming tax cuts. (The Taxonomist).(Brief Article)
American Prospect, The, July, 2002 by McIntyre, Robert S.
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AS FEDERAL BUDGET DEFICITS HEAD BACK INTO THE stratosphere, most congressional Democrats remain petrified about frontally attacking the Bush tax cuts that are the central cause of the problem. Perhaps if they understood that most of us already face a tax cut freeze they'd be more willing to fight to extend such a freeze to the richest Americans, too.
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By the richest Americans I mean people in the top 1 percent of the income scale, where the average income is just more than $1 million. This year there are 1.3 million families and individuals in that bracket. By 2010, the top 1 ...
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