Month: January 2008

Most Taxpayers Will Get Less than a Third of the Tax Cut Touted by Bush in His State of the Union Address

Posted on by Alex Welch

January 30, 2008 03:00 PM | | Bookmark and Share

During his State of the Union Address on January 28, President Bush claimed that if his tax cuts are not made permanent, families everywhere will lose tax cuts worth an average of $1,800. This statement is highly misleading.

In 2010, when all of the Bush tax cuts are finally in effect, only 16 percent of families will have income tax cuts as large as $1,800. In other words, 84 percent of Americans will see a tax cut smaller than the “average” touted by the President.

For most people, the tax cut will actually be less than a third of that amount. In 2010, more than half of families will have income tax cuts totaling less than $600.

Read the Full Report


    Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!

Who’s Rich? CTJ Analyzes Presidential Candidates’ Definitions of “Rich”

Posted on by Alex Welch

January 16, 2008 03:02 PM | | Bookmark and Share

Several Presidential candidates have proposed allowing the Bush tax cuts to expire for wealthy Americans. For Senators Hillary Clinton and Barack Obama, “wealthy” means those with income above $250,000, while for former Senator John Edwards, this means those who make more than $200,000.

Read the Full Report


    Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!