RE: Bill Press column, "Republican platform welfare for the rich,"
Press' statement that "Most people don't understand that a tax cut is actually a government expense" is based on the attitude that all income is owned by the government except for the part the wage earner is allowed to keep.
If we use his logic to solve the current problem then we could just collect 100 percent of all income above some arbitrary number, say $500,000, and balance the budget. The deficit for 2009 was $1.4 trillion and all taxable income over $500,000 for 2008 was $1.265 trillion. Clearly, it is not a tax rate problem, it is big government overspending.
If the goal of taxation is to burden the highest incomes with a larger burden, the supposed logic of higher tax rates may not work in real life. In 1996 the income tax on $200,000 and up was 34.6 percent of the total share of all personal income taxes, for tax year 2008 (five years after the 2003 tax cuts) it was over 52 percent.
Do not listen to opinions that use class warfare and wealth envy to guide tax policies. Instead, take a few minutes to look at the real published numbers at irs.gov/taxstats. You paid for it.