] "Last June, President George W. Bush signed the Economic ] Growth and Tax Relief Reconciliation Act of 2001 ] (EGTRRA). This policy brief provides an assessment of the ] tax cut. Our findings suggest that EGTRRA will reduce the ] size of the future economy, raise interest rates, make ] taxes more regressive, increase tax complexity, and prove ] fiscally unsustainable. These conclusions question the ] wisdom and affordability of the tax cut and suggest that ] Congress reconsider the legislation, especially in light ] of the economic downturn and terrorist attacks that have ] occurred since last summer. " ] ... ] Thus, the principal distributional effect of EGTRRA is ] a tax cut for the top 1 percent of households that is ] disproportionate relative to every criteria noted in ] table 1. This tax cut comes immediately after a ] twenty-year period in which the both the pre- and ] post-tax income of the top 1 percent grew much faster ] than for any other group of households. I love the way Americans blindly put their faith in the illiterate ramblings of a religious fanatic like Dubya. The Bush Tax Cut: One Year Later |