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5 dirty little secrets about Bush tax cuts

No. 1: Top 0.1% paid more after they went into effect, bottom 50% paid less

(Investor’s Business Daily) It’s been more than 10 years since President Bush signed his first round of tax cuts into law. And in the years since, those cuts have been the source of constant attacks. Critics charge they gave away too much to the rich, exploded the deficit, contributed to income inequality, did little to spur economic growth, and so on.

President Obama has for years attacked the Bush cuts, and demanded that the top two income tax brackets return to Clinton-era levels.

But a decade of debate and discussion has managed to shed little light on what the Bush tax cuts actually did.

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