The fact is the Bush tax cuts were weighted to the low end and thus actually STEEPENED the progressiveness of the income tax. Imagine the boom that would ensue if a tax cut was done right.
Eggsactly!
The bottom two quintile actually make over 7% PROFIT from the tax cuts.
I may have received a tax cut from the Federal Government but believe you me I now have ‘taxes’ that I never had before, like a ‘Commercial Activity Tax’ and a “Universal Carrier Fee’.