On Google news today, you can find hundreds of stories by eager reporters, all beside themselves going bonkers for a new report that supposedly proves that the Bush tax cuts are increasing the tax burden on the middle class. Of course, this is great for the Kerry campaign and their Marxist class-warfare rhetoric. We will hear no end to how Bush is robbing the poor to give to the rich.
Well, these reporters can’t read. In their excitement over finding something to give to their liberal buddies in the democratic party, they’ve basically ignored the parts of the report that don’t suit their “workers of the world unite” agenda. Alas, Bush is not going to come to your middle-class home, steal your child’s piggy bank, and give it to Bill Gates.
In fact, the report shows that in 2005, the top 20% of income earners will have their share of the tax burden increased, not lowered, under the Bush tax cuts. These reporters, zealous for the cause of getting Hitl…, uh, Bush, out of office, are trying to spin a report so that they can make headlines saying that despite everyone in the country paying less in taxes, Bush really, sneakily, actually raised taxes on the middle class.
And the most ridiculous aspect of this journalistic spasm of joy is that they are complaining that the top 20% of wage earners “only” pay 64% of the tax burden! That’s less than a quarter of tax payers shouldering almost two-thirds of the Federal Government’s gluttony.
But what’s so revolting about this is the fact that politicians can actually get elected running on a platform of soaking the “rich.” Instead of a country where people aspire to generate wealth, people now envy and resent it, voting for men who promise to remove more wealth from the economy and have the government spend it instead of the wage earners.