June 15, 2011
If you think George W. Bush’s tax cuts for the wealthy was a good thing then you’re going to be absolutely in love with Presidential Candidate Tim Pawlenty. He’s made no secret about his intent to hand more power and wealth over to the top incomers of America. And the Center on Budget and Policy Priorities has confirmed Pawlenty’s promise.
Pawlenty’s plan will hand anyone making more than $2.7 million and above a tax cut gift of $1.8 million — which, as the Center points out, is more than four times what they got from Bush; a 73% tax cut for the richest 400 Americans. So who do you suppose those millionaires and billionaires are going to support for President?
Take a look at the Center’s graph below for a quick visual.