Replies to post #59451 on Zeev's Turnips Talk Politics (ZTTP)

[Rick Faurot]

Report Finds Tax Cuts Heavily Favor the Wealthy

By EDMUND L. ANDREWS

Published: August 13, 2004
http://www.nytimes.com/2004/08/13/politics/campaign/13tax.html

WASHINGTON, Aug. 12 - Fully one-third of President Bush's tax cuts in the last three years have gone to people with the top 1 percent of income, who have earned an average of $1.2 million annually, according to a report by the nonpartisan Congressional Budget Office to be published Friday.

The report calculated that households with incomes in that top 1 percent were receiving an average tax cut of $78,460 this year, while households in the middle 20