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Bush Campaign Ads . . . Brought to You by Special Interests
As President Bush's $10.5 million campaign ad blitz begins, Public Citizen released a report outlining who helped pay for the campaign ads and what favors they have received during his presidency.
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No Child Left Behind? The Funding Gap in ESEA and Other Federal Education Programs
The current reauthorization of the Elementary and Secondary Education Act (ESEA), known as No Child Left Behind (NCLB), raises high expectations for achievement and imposes stringent measures of accountability on students, teachers, and schools.
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August 16, 2004
Bush Misleads on Distribution of Tax Cuts
As a presidential candidate in 2000, George W. Bush pledged his tax cut proposals "are especially focused on low and moderate income families."1 Those proposals became law - but a new study by the non-partisan Congressional Budget office reveals that Bush mislead America about their distribution.2
According to the CBO study, the wealthiest 1 percent of all taxpayers - whose earnings average $1.2 million - are receiving an average tax cut of $78,420 this year.3 Meanwhile, the middle 20 percent of taxpayers - whose earnings average $51,000 - are getting only a $1,090 cut.4 Those in the bottom 20% - averaging earnings of $16,620 - get just a $250 cut.5 The result: "President Bush's tax cuts have shifted federal tax payments from the richest Americans to a wide swath of middle-class families."6
Sources:
- "A Tax Cut with a Purpose," GeorgeWBush.com, archived from 11/2000.
- "Effective Federal Tax Rates Under Current Law, 2001 to 2014," Congressional Budget Office, 08/2004.
- "Report Finds Tax Cuts Heavily Favor the Wealthy," New York Times, 08/13/04.
- Ibid.
- Ibid.
- "Tax Burden Shifts to the Middle," Washington Post, 08/13/04.
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