Among congressional Democrats, the refrain is that such cuts are a giveaway to the rich. This is standard procedure in the class warfare game and also an excuse not to return any of the money all taxpayers dole out to the voracious federal government. While Democrats yell about a tax cut being too much, there is ample justification for saying it s not enough. In fact, the Bush proposal, as amended in the U.S. Senate, is relatively modest given the continued growth of the federal surplus. If one were to swallow the line of congressional Democrats, aided and abetted by the mainstream media, it s all about cost, as in any tax cut taking money out of the economy rather than stimulating it.
History shows that tax cuts are good for the economy.
Folks spend more, invest more and the federal treasury grows because of all the economic activity. As for the rich benefiting more than those lower down in the tax food chain, fact is the top 5 percent of earners pay more than 50 percent in taxes. Sounds like a fair share to us. High income individuals are those who invest more in America through the companies that generate jobs, growth and higher standards of living for all. One would think congressional Democrats and the liberal press could figure that out by now.