ANALYSIS OF REPUBLICAN TAX CUTS BY LEADING NATIONAL NEWSPAPER FINDS IT SKEWED TO THE WEALTHY

The Washington Post published an article today on Page A6, which stated, "Under Bush's original proposal, households with $ 40,000 to $ 50,000 in taxable income would receive an average tax cut of $ 482 and a boost of 1.2 percent to their total after-tax income. For households earning more than $ 1 million, the average tax cut would be more than $ 89,500, with an increase in their after-tax income of 4.2 percent, according to the Urban-Brookings Tax Policy Center."

The article continued, "The $ 550 billion version that passed the House last week is even more skewed. Those same middle-income households would receive a tax cut of $ 452 and an income boost of 1.1 percent, while millionaires would receive a cut of $ 93,537, enough to increase their after-tax income by 4.4 percent. The more modest $ 350 billion tax cut that passed the Senate Finance Committee last week would trim the average millionaire's tax cut a bit, to $ 64,431. But it would also trim the middle class cut to $ 415."

Democrats have offered a plan to grow the economy and create one million jobs. The plan would assist working families, extend unemployment insurance, and help states facing a fiscal crisis meet growing needs in health care and homeland security.