.. the tax cuts that
would go to the one percent of taxpayers with the highest incomes would exceed the new resources proposed for all other national priorities combined. MORE
The after-tax incomes of the top one percent would rise, as a result of the bill, by
three times as large a percentage as the after-tax incomes of the middle fifth of taxpayers would increase, even though the after-tax income of the top
one percent has risen much faster over the past decade than the after-tax income of those in the middle or bottom of the income spectrum, pushing income
disparities to their widest level on record. MORE
... repeal of the estate tax that is part of the Bush tax plan would provide as
much in tax reductions to the 4,500 largest estates as the entire Bush tax plan would provide to 142 million people... The 4,500 largest estates and the 142 million people with
the lowest incomes would each receive approximately $28
billion under the plan in 2010, when estate tax repeal would be
in full effect.MORE
President Bush has claimed that under his plan, the "average" family would receive a tax cut of $1,600. Almost ninety percent of taxpayers would receive less than $1,600 in tax cuts if the Bush plan were fully implemented in 1999. MORE
FACT SHEETS AND BACKGROUNDERS ON THE BUSH TAX PLAN