CTJ Paper Finds President Bush Misleading about Tax Cuts During the State of the Union Address
In his final State of the Union Address on Monday, President Bush warned ominously that families would see a tax increase of around $1,800 if his tax cuts are not extended before the end of 2010, when they expire. A new paper from CTJ explains that only 16 percent of taxpayers will get tax cuts that large in 2010, when all the Bush tax cuts are fully phased in. In fact, the majority of taxpayers will get less than a third of that amount in tax cuts. Further, it's highly misleading for the President to imply that the tax cuts for middle-income families might disappear when even the Democratic presidential candidates have proposed to extend them for anyone who is not among the richest 2 or 3 percent of taxpayers.
