Who got the biggest Bush tax cuts?
Regarding “Bush tax cuts mostly for millionaires” (News, Aug. 13): The bipartisan Congressional Budget Office confirmed what most of us understand: that George Bush’s economic policies are recycled trickle-down Reaganomics. When those in the top 1 percent income bracket receive in one year a tax cut ($78,460) that equals 138 percent of the entire earnings of a typical middle-class household ($57,000), something is terribly wrong with our system of taxation. Add to this Bush’s support of the Social Security earnings cap on contributions, the lifting of inheritance taxes and massive corporate welfare and offshore tax loopholes for the rich, and we have a recipe for oligarchy in America. Average people are stuck with a massive national debt while the wealthiest feather their nests (or, as the Union-Tribune reported earlier this year, buy their teenage children luxury vehicles). The Union-Tribune needs to cease its endless cheerleading of Bush’s perverse policies and take a more balanced v
