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Monday, February 24, 2003

A few words from Bush

As The New Yorker recently noted, if Bill Gates walked into a soup kitchen serving 60 bums, the average worth of the people in that room would be $1 billion each. But it would still be Bill Gates and 60 bums.
In his State of the Union address Bush claimed tax relief was for everyone who pays income taxes. … "Ninety-two million Americans will keep this year an average of almost $1,100 of their own money".
Molly Ivins points out however that a third of all Americans will never see a dime of that tax cut. Half of all taxpayers will get less than $100 from the Bush tax cut. Those who make more than $1 million a year will get an average cut of $92,000, according to the Center on Budget and Policy Priorities. That may average out to $1,100, but it ain't going to the average family.

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