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Saturday, December 10, 2005

Scrooge in the House - The Boston Globe

Scrooge in the House - The Boston Globe: "The Center on Budget and Policy Priorities estimates that $70 billion of the $95 billion in tax cuts will go to households making over $100,000. That category accounts for 14 percent of households. According to the center, that 14 percent will get 74 percent of the money.

The Brookings Institution's and the Urban Institute's Tax Policy Center calculate that the top 20 percent of American households would get 88.9 percent of the House's tax-cut benefits while the bottom 20 percent would get only 11.1 percent. Twenty-four percent of the benefits would go to Americans who make more than $1 million a year. Such people make up only 0.2 percent of the population."

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