This morning I listened to Congresswoman Anna Eshoo being interviewed on a local call in show. She basically said that the top two percent of income earners in the country were the sole beneficiaries of the Bush tax cuts, and that she personally didn't recall any benefit from them.
Now, one can certainly make a case that the super wealthy benefited a huge amount from these cuts, fair enough, but clearly middle income and upper middle income people such as Eshoo also benefited as her tax rate went down too, with some of her money that used to be taxed at 15% going to 10%, and most significantly her old 28% rate (most of her taxable income I'm guessing) going to 25 %. How I wish I could have enlightened her, but alas I was doing my lunch deliveries.
Link... or transcript please.
