All right, we've all heard how horrible George W.Bush's tax cut plan would be for the country. So I thought it might be a good idea to find out exactly what Bush is proposing. Here it is: Bush offers a tax cut to every taxpayer, with the biggest percentage cut going to those at the lower end of the economic spectrum. His proposal cuts the bottom rate from 15 to 10 percent - a rate cut of 33 percent for the lowest-income households.For middle-income taxpayers, the rate would go from 28 to 22 percent - a cut of 20 percent.And for the wealthiest taxpayers, the top rate would be cut from 39.6 to 33 percent - a cut of about 17 percent. Bush opponents respond that the wealthiest 1 percent of taxpayers gets most of the tax cut dollars. That's true, but it is also irrelevant. The reason they get the most tax cut dollars is because they pay the most taxes - not because they're getting the biggest percentage of decrease in their tax rate.
GARY GERARD, Times-Union Managing Editor- | July 28, 2016