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- Sep 25, 2005
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Gawd I love the guy. He is smart, articulate, and a great writer.
In his article yesterday, he was discussing the Bush tax cuts and how the Bush Administration would have you believe that the majority of the tax cuts have gone to middle and low-income Americans. NOT TRUE.
He acknowledges that some people would not think that tax cuts is an important issue, but lying to the American people about the effect of the tax cuts is indicative of the lack of moral compass this administration has on many issues.
I wonder if this article will bug the adminsitration as much Joe Wilson's article did that called the Bush Administration out on its cherry picking of intelligence. What could they do to Krugman?
In his article yesterday, he was discussing the Bush tax cuts and how the Bush Administration would have you believe that the majority of the tax cuts have gone to middle and low-income Americans. NOT TRUE.
He acknowledges that some people would not think that tax cuts is an important issue, but lying to the American people about the effect of the tax cuts is indicative of the lack of moral compass this administration has on many issues.
Weapons of Math Destruction
By PAUL KRUGMAN
[O]fficials continue to claim that most of the tax cuts went to the middle class even though their own tax analysts know better.
How do I know what the administration's tax analysts know? The facts are there, if you know how to look for them, hidden in one of the administration's propaganda releases.
The Treasury Department has put out an exercise in spin called the "Tax Relief Kit," which tries to create the impression that most of the tax cuts went to low- and middle-income families. Conspicuously missing from the document are any actual numbers about how the tax cuts were distributed among different income classes. Yet Treasury analysts have calculated those numbers, and there's enough information in the "kit" to figure out what they discovered. . . .
Here's the bottom line: about 32 percent of the tax cuts went to the richest 1 percent of Americans, people whose income this year will be at least $341,773. About 53 percent of the tax cuts went to the top 10 percent of the population. Remember, these are the administration's own numbers — numbers that it refuses to release to the public.
I'm sure that this column will provoke a furious counterattack from the administration, an all-out attempt to discredit my math. Yet if I'm wrong, there's an easy way to prove it: just release the raw data used to construct the table titled "Projected Share of Individual Income Taxes and Income in 2006." Memo to reporters: if the administration doesn't release those numbers, that's in effect a confession of guilt, an implicit admission that the data contradict the administration's spin. . . .
Again, the point isn't merely that the Bush administration has squandered the budget surplus it inherited on tax cuts for the wealthy. It's the fact that the administration has spent its entire term in office lying about the nature of those tax cuts. And all the world now knows what I suspected from the start: an administration that lies about taxes will also lie about other, graver matters.
http://select.nytimes.com/2006/04/14/opinion/14krugman.html?hp
I wonder if this article will bug the adminsitration as much Joe Wilson's article did that called the Bush Administration out on its cherry picking of intelligence. What could they do to Krugman?