Posted by
RightTeacher on Sunday, June 29, 2008 10:24:29 PM
Many are putting forth Pawlenty as a possible Veep nominee. I still want Romney. I saw Pawlenty on This Week. He was OK, but not impressive.
George again brought up the report from the American Tax Policy Institute (I assume it is the same one Howard Dean used last week when, as the data supported Obama he lauded the study, but as the data went against Obama, Dean just said, "They are wrong.") that gave estimated tax savings from McCain's tax proposals. The amounts of tax savings went up by orders of magnitudes as your position in the tax structure went up. This supposedly shows that his proposals are Bushian tax cuts for the rich. What the report didn't say, or perhaps did say, but which was not reported by my friend George, was the percent of the tax bill that the savings represent. $150 may not seem much for the bottom number, but the largest number may be a significantly smaller percent of the final tax bill for that household. The left always leaves out the unproportionate amount of the tax bill for the rich. You always need to keep that in mind when talking about who gets the biggest cut of any tax reduction. The "tax cut for the rich" people always talk about absolute numbers when discussing the tax reduction--never the percentage of the tax bill.