Monday, March 09, 2009

Eat the rich; the poor are tough and stringy

Steve Benen's got a good graph on the increased tax rate on the rich "proposed" by Obama. I put "proposed" in quotation marks, because this is actually a planned sunsetting of the Bush tax cuts.

If you'll remember, the Bush tax plan included a massive tax cut to the top 2% or so which was sold to the country as a temporary thing. This "massive tax hike" is merely leaving the law as it was proposed by George Bush and enacted by a Republican congress.

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