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Rural Chair's blog

Happy 10th Anniversary Bush Tax Cuts

This past Tuesday (June 7, 2011) marked the 10th anniversary the signing into law of the Bush tax cuts. The average millionaire in Virginia saves $71,000 because of the Bush tax cuts. The overall cost of the tax cuts over the last ten years, according to Citizens for Tax Justice, have cost the country around 2.5 trillion dollars. That’s more than the cost of the wars in Iraq and Afghanistan combined. It's time we had a tax code that's fair to people who work for a living. Let's stop giving tax breaks to the wealthy who don't need it and will not invest it back into the economy.

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