The Lone Fortress
*** Defending Truth from Conventional Wisdom ***


Sunday, August 29, 2004
 
More Compassionate Conservatism
Instapundit links to a commentary on the progressiveness of the Bush Tax Cuts in the Detroit News.
A report from the nonpartisan Congressional Budget Office has Democratic presidential candidate John Kerry claiming it proves that “Over the last four years, the burden of taxes has shifted from the wealthy to the middle class.”

Those are politically motivated lies that distort the findings of the report. Here’s the truth.

The report proves that what President Bush said about his tax cuts is true: “Tax relief is for everyone who pays income taxes.”

And it's backed up by data from the CBO. Note that contrary to Kerry's fantasies, the burden has shifted away from the middle and lower class.

Of course, this isn't news to those in the middle-class, especially those with children, who remember receiving several refund checks since Bush took office.
Comments:
I don't know if I would site this as a shining example of tax fairness considering it shows the marginal rate for the true middle (20%) went down 1.7% compared to 4.8% for the wealthiest 1%.
 
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