Here's the result:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6
Note that the biggest percentage increase is for the poorest by 5%. Which means the people Bush helped the most were those in the bottom bracket.
So all you folks out there snickering about Bush's tax break for the rich, about how Obama is not going to raise taxes.... well here comes the opportunity for all of us with common sense to arrive at a teachable moment... basically you're all idiots if you believe the Democrats bullshit. Looks like the pundits are going to have to memorize a whole new set of talking points.
I am not holding out hope that they will realize it was those who came up with the idea to force financial institutions to make unsound mortgage loans to minorities who couldn't/wouldn't pay them back that collapsed this economy and that Bush was actually reducing the deficit until he had to intervene to clean up their mess. Obama was right in the middle of this mess and it shows what a piece of dishonest shit he, Frank, Pelosi, Dodd, Biden et. al. are to point a finger at Bush.