From Think Progress: McCain Adopts ‘Entire’ Norquist Agenda, Will Double The Bush Tax Cuts
So what will McCain's plan do for the middle-class families left behind by the Bush administration all these years?
According to a new analysis released today by the Center for American Progress Action Fund, McCain’s new proposals would do the following:In other words, McCain won't do a thing for the middle-class. McCain=Bush=McSame.
Double the size of the Bush tax cuts, costing more than $2 trillion in their first decade. Do virtually nothing for the middle class: only 12 percent of the tax cuts will go to the bottom 80 percent of households, while 58 percent will go to the top 1 percent of households. [emphasis mine] Follow Norquist’s blueprint that’s been called a “stealth approach to tax reform” – and that aims to abandon progressive taxation in favor of a wage tax imposed mainly on low- and middle-income households.