A couple of interesting charts from my friend Dr. Mark Perry...shows why the Bush tax cuts were NOT "tax cuts for the wealthiest 1%" as the exhausted Democrat Party mantra goes...indeed, quite the contrary, the Bush tax cuts were tax cuts for the poorest 95%...:
On the flip side, we now know that Obama's promise to NOT raise taxes for any American who earns less than $250,000 per year is a total fraud. Between "cap and tax" and his massive $2 Trillion health care entitlement scheme; every American, from the wealthiest to the poorest, and from sea to shining sea, will pay a higher percentage of their income to the Federal government.
Hope and change indeed...
Dec 8, 2009
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