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Bush Bite #24 - 7 Oct 2004
Batting for the haves
In tonight's debate, Bush said: "Most of the tax cuts went to low and middle income Americans, and now the tax code is more fair, 20 percent of the upper income people pay about 80 percent of the taxes in America today because of how we structured the tax cuts."
Either he's way out of touch with the actual tax cuts he pushed for, or he's lying.
In 2004, the top one percent received an average tax cut Of $35,000, while the middle class received an average tax cut Of $647. Households with incomes above $1 million received tax cuts averaging about $123,600.
Middle America - average annual income $75,600 - saw its share of the federal tax burden increase from 18.7 percent to 19.5 percent. In addition, George Bush has imposed a tax of thousands of dollars on families through higher costs for health care, gasoline, college tuition, and state and local taxes.
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