during George W Bush's term? This is an academic question. I would like facts or an actual site showing the reduction. I don't remember there being anything of consequence for the middle class in the last 6 years, only for the upper income brackets. Please no partisan rhetoric.
2006-10-08 12:58:10 · 6 answers · asked by Ford Prefect 7 in Politics & Government ➔ Politics
i wish there was a better site than the one provided by "Karl..." it was difficult to read, it appears to be from a site not connected to any news or government agency and is probably a lobby group to some degree..one site like that is not enough facts. how about another site.
2006-10-08 15:02:36 · update #1
what I'd like to see is info on GWB's tax cuts to the middle class...not lumped trends since 1983...
2006-10-08 15:04:48 · update #2
I remember getting a check for $300, it made me feel cheap as if we were all being paid off for letting Bush be president. I don't say that's why they did it, but it just felt that way.
2006-10-08 13:23:53 · answer #1 · answered by ash 7 · 1⤊ 0⤋
Indeed most people did a tax cut. The Republicans noted that a majority of tax cuts did NOT go to the wealthy. That's true if 9 poor people each get a $1 tax cut. That's 9 tax cuts. The one rich guy gets a $50 tax cut. That's 1 tax cut. So you see, most tax cuts went to the poor!
The issue is whether the tax cuts amounted to anything for anyone but the rich. They didn't....but the Democrats were incapable of convincing anyone.
2006-10-08 20:02:27 · answer #2 · answered by Brand X 6 · 1⤊ 0⤋
the middle class got an increase in their child credits, a tax refund, as well as a tax cut. They also benefitted from a decrease in capital gains tax- something that used to only benefit the rich, but now that 80% of US households have money in a 401k and/or mutual fund, those capital gains tax cuts make a huge difference to the middle class...especially when they have to pull some money out to pay for something- as most Americans do from time to time.
Oh, and under the Bush economy, most middle class Americans have seen the value of their house (arguably their biggest investment) DOUBLE, if not TRIPLE in value.
Even when the bubble bursts on this one, as it did on the stock market run up in Clinton's time, it will leave tremendous gains for many.
2006-10-08 20:05:34 · answer #3 · answered by Anonymous · 1⤊ 1⤋
ha ha ha.
they are trying to do a more than 2.oo cigarette tax mostly poor and a few middle class smoke. this is in California.
those types of taxes directed at lower income..do a lot more damage than income tax.
and you have to look at corporate tax breaks as wellas individual since wealthy use both.
there was that rebate. mostly helped wealthy with 5-6 figure rebates. others got a few bucks.
2006-10-08 20:06:46 · answer #4 · answered by homelessinorangecounty 3 · 1⤊ 0⤋
I read in my local paper that the middle class got about $20 a year.
2006-10-08 20:01:12 · answer #5 · answered by Anonymous · 1⤊ 0⤋
NO it was for the richest top 2% including bush himself he is such an idiot
HAD ENOUGH VOTE DEMOCRAT IN 08!!!!!!!!!!!!!!!!
2006-10-09 01:47:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋