The Blog of Damocles

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Friday, May 26, 2006

Fitter, Happier, More Productive..... (5/16 on xanga)

In addition to Bush's middle of the road ridiculous immigration speach last night, Rove-vader spoke at the American Enterprise Institute about the coming election. Rove made all sorts of ridiculous and wildly irrelevant statements, but the most egregious were about the economy. The Washington Post had one of the better reviews of what he said:
"Most astonishingly, Rove tried to make the case that Bush's tax cuts actually left the rich paying more. Everyone knows the Bush cuts in levies on dividends, capital gains and inheritances overwhelmingly benefited the wealthy. But here was Rove playing class politics by arguing that the wealthy now pay a larger share of total income taxes than they did before Bush.
This is statistical flimflam, of course. It leaves out payroll taxes, which hit most Americans the hardest. And the wealthy are paying more of the total share of income taxes, even though their rates are much lower, because their share of national income has gone up. Rove's numbers actually prove the rich are getting richer." E.J. Dionne in the Post today.

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