A tax cut for the rest of us...
As everyone knows, the bulk of Bush's tax cuts went to the top 20%. Essentially, the Bush tax cut took the surplus from the Social Security payroll tax and redistributed it from the middle class to the Leisure classes.
Bush and the Repblicans have been touting tax cuts to Americans stuck between the rising costs of housing, health care and education and their shrinking salaries.
But the tax issue is a edge that cuts in both directions. Here's a tax plan that would give the middle class and the working class the tax break it deserves. It's based on the Tobin Tax which taxes speculative activity instead of labor.
