Bush tax-cut quiz answers his critics
After last November’s election, President Barack Obama and the Democratic-controlled Congress extended the George W. Bush tax cuts. This exposed the facts about the Bush tax cuts.
But apparently not everyone learned, or some refused to learn, the facts.
Below is a quiz about the Bush tax cuts; select the correct answer.
Compared to the Bill Clinton-era income tax laws, the Bush tax cuts:
a. Cut income taxes for most middle-income taxpayers by at least $1,000.
b. Dropped the income tax due from millions of poorer Americans to zero.
c. Collected more income tax revenue from higher-income earners.
d. Raised approximately 20 percent more revenue during the Bush years than during the booming Clinton years.
e. All of the above.
The answer is “e,“ all of the above.
If the Bush tax cuts had not been extended, taxes for middle-income Americans would have risen and more of the tax burden would have shifted from high earners to middle- and lower-income Americans.
This would have clearly revealed that the seven-year smear of what Democrats called the “Bush tax cuts for the rich” was a lie.