Something that really hasn’t been talked about today is an interesting report in the New York Times about the tax cuts that are making grounds through Congress. The entire article is well worth a read but here is the most interesting part I found in it:

The top tenth of 1 percent, whose average income is $5.3 million, would save an average of $82,415. Those in the top group would see their tax bill cut 4.8 percent, while Americans at the center of the income distribution — the middle fifth of taxpayers, who will earn an average of $36,000 this year — could expect a 0.4 percent reduction in their tax bill, or about $20.

Those who make less than $75,000 — which includes about 75 percent of all taxpayers — would save, at most, $110 each. Those making more than $1 million would save, on average, almost $42,000.

President Bush has said he supports the plan unless it becomes laden with provisions he considers extraneous. The bill hit a roadblock yesterday in a fight involving the tax treatment of charities. Congress values the tax cuts at $70 billion. They would have to be financed with borrowing.

$20 a year! Is our children and grandchildren’s future worth saving $20 a year. With gas expected to hit $5.00 a gallon in the near future, that is only 4 gallons or 1/3 a tank on the smaller 12 gallon tank cars. Again, Congress and Bush is trying to push through the failed theory of “trickle down”. They do not give a damn about middle America or the future of our nation. They are money hungry pigs that care only about their own portfolios.