Tax Burden Shifts to the Middle
Reported by Eleanor - August 13, 2004 -
The Washington Post published an article today about a Congressional Budget Office (CBO) report stating that 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 conclusions have heightened significance because of their source, a nonpartisan government agency headed by a former senior economist from the Bush White House, Douglas Holtz-Eakin. Although the report was requested by democrats, the question posed was a standard request for analysis of the type that members on both sides of the aisle routinely make of the CBO, and that is to estimate the distribution of the tax cuts among income levels, and compare that to tax levels if none of the cuts were passed.
To read the full story go to: Tax Burden Shifts to the Middle
