Thursday, June 09, 2011
The Bush Tax Cuts' Decade of Damage. In Visuals. Again.
How many more times does the CBPP need to make this so obvious?
Once again--it's in pictures (10 charts) even a ______ —fill in your own political epithet—can understand:
10 Years Later, How Bush-Era Tax Cuts Changed America
... What [the graphs and charts] find is unevenly distributed benefits. The percentage increase in after-tax income tilts greatly in favor of those making over $1 million, for one, especially when compared to Americans making between $40,000-$50,000. And at a time when the country is sunk in $14.3 trillion worth of debt, it's adding vastly to deficit, too. Indeed, the cost of the upper-income tax cuts is roughly equal to the Social Security shortfall in that span, CBPP says.