Today, George W. Bush is traveling around the country touting his top
priority -- a giant tax cut. But he exaggerates the benefit to the
middle class, while neglecting to mention that he would give the top 1
percent of families 43 percent of the tax cuts. The tax cut for the
wealthiest 1 percent amounts to $774 billion over 10 years.
The American Prospect investigates what else the country could
buy with that lump of cash (based on year 2000 expenditures) over the
next decade. Shop for yourself.
The money that Bush would spend on the top 1 percent could fund the
Schools and Colleges
multiply federal student loans 18 times.
reduction 193 times.
four-year-olds almost eight times over (based on a cost estimate by the
Brookings Institution's Isabel
renovation by 59 times (compared to the estimate for 2001).
salaries for 10 years.
spending on substance abuse and mental health services 29 times.
Health's budget or increase funding for the href="http://www.nci.nih.gov/admin/fmb/2000Funding.htm">National Cancer
benefit for senior citizens -- with $36 billion left over.
Family Support and Nutrition
bottom 80 percent of Americans.
for the working poor and the child tax credit put together.
and child support enforcement.
WIC 19 times or almost quadruple the federal food stamps budget.
mass transit, highways, and aviation.
expenditures on natural resources, pollution control, and Superfund