The Bush administration claims that the guiding principle for its fiscal policy has been "lower income taxes for all, with the greatest help for those most in need," as the White House Web site puts it. The reality is starkly different. The tax cuts enacted during George W. Bush's presidency shift the burden of taxation away from upper-income, capital-owning households and toward the wage-earning households of the lower and middle classes. For all but the wealthy, this will ultimately cause substantial harm. Shifting costs to future generations of workers to finance tax boons for today's owners of capital is unproductive, unfair, and unwise.