Our Endangered Values, by Jimmy Carter: on Tax Reform


George W. Bush: OpEd: Middle class get $54 from tax cut; top 1% get $191

Under the tax cuts pushed through Congress since 2000, for every dollar in reductions for a middle-class family, the top 1% of households will receive $54, and those with $1 million of more in income will benefit by $191! During the first 3 years, the number of Americans living in poverty increased by 3.5 million, while the income for the 400 wealthiest Americans jumped by 10% just in the year 2002. Another indication of the growing division between rich and poor in recent years is that the salaries of corporate chief executive officers have gone from 40 times to 400 times the average worker's pay. Even though there was strong growth in corporate profits, wages for the average worker fell in 2004, after adjusting for inflation--the 1st such drop in many years.
Source: Our Endangered Values, by Jimmy Carter, p.192-193 Sep 26, 2006

  • The above quotations are from Our Endangered Values:
    America's Moral Crisis    ,
    by Jimmy Carter    .
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