'Middle Class Tax Cuts' Also Benefit the Wealthy

'Middle Class Tax Cuts' Also Benefit the Wealthy
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The Center on Budget and Policy Priorities' Chuck Marr presents a graphic to illustrate a commonly misunderstood point: The "middle-income" tax cuts also cut taxes for the top earners. If all the Bush tax cuts are extended except for those making over $250,000 a year, as President Obama wants, high earners would still get significant cuts. In other words, the cuts apply to incomes, not individuals, and everyone would receive a cut on up to their first $250,000 of income:

Joseph Lawler is editor of RealClearPolicy. He can be reached by email or on twitter.

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