Trickle-down pain. (The Last Word).(political support for trickle-down economics)

Even as the administration prepares for war in Iraq, Bush has revived trickle-down economics with an audacity that's leaving old supply-side fanatics breathless. He's pushing new tax-exempt savings accounts, more tax-favored retirement accounts, tax-free dividends, accelerated income-tax cuts and an end to inheritance taxes. Every reputable analysis shows that these provisions overwhelmingly benefit the very rich--the same top 1 percent who are already flying higher than ever before. By the administration's own admission, these initiatives will generate $1 trillion in total ...