Sunday, April 09, 2006
Here is a link to a CNN article about the administration's proposed tax cuts and who will profit from them. 70 percent of the tax savings on investment income would go to the top 2 percent. Stephen Entin, president of the Institute for Research on the Economics of Taxation, told the Times that the tax cuts will produce jobs. Really! The investments of the wealthiest Americans would have to trickle down pretty far before anyone in my neighborhood would benefit from them. And while we wait for the trickle programs for the most disadvantaged are being cut.