How Democrats Came to Support the Bush Tax Cuts
Posted at 1:30 p.m. on Dec. 26, 2012
Underlying the “fiscal cliff” negotiations is a push by Democrats to “etch into stone the signature economic achievement of Republican President George W. Bush by permanently extending tax cuts enacted during his tenure,” reports the Washington Post.
“As Democrats warned a decade ago, the benefits of the Bush tax cuts have disproportionately flowed to upper-income earners, according to economists. The tax cuts, however, have also benefited less-fortunate Americans, slashing taxes for many low-income households and creating new credits to lighten the financial load of raising children.”