Friday, August 13, 2004

Like, We Didn't Already Know This?

"Since 2001, President Bush's tax cuts have shifted federal tax payments from the richest Americans to a wide swath of middle-class families, the Congressional Budget Office has found." That, reported in this morning's WashPost.

It's probably not healthy to set one's blood a-boiling on a daily basis, so read on at your own risk: "...taxpayers with incomes from around $51,500 to around $75,600 saw their share of federal tax payments increase. Households earning around $75,600 saw their tax burden jump the most, from 18.7 percent of all taxes to 19.5 percent."

The Congressional Budget Office, incidentally is a nonpartisan government agency headed by a former senior economist from the Bush White House, Douglas Holtz-Eakin. That will not stop the Rovians from spinning this as a Democrat plot to make El Presidente look bad.

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