From Kevin Drum's Political Animal I give you this little chart (for more detail see this). I knew that the Bush administration had taken most of the bite out of the tax bills paid by the country's mega-millionaires, but I didn't realize it had gone this far. People making over $10 million a year pay less in taxes (as a % of their income) than people making $100,00-200,000. Kevin's right - this is a superb issue for the Democrats. If they don't prioritize this and find effective ways to bash Bush and his cronies with these numbers for the next 3 years they will be ineffective fools. Of course given that they haven't managed to successfully make this case yet, I'm afraid that's what's going to happen. But hopefully someone at the DNC or people working for Harry Reid, Bill Richardson, Evan Bayh, Mark Warner, etc. will hit this repeatedly. It's the kind of thing that both merits serious attention as a matter of national policy, and could be a huge political winner.
Posted by armand at June 5, 2005 04:53 PM | TrackBack | Posted to Politics