AlterNet: Bush's Middle Class Tax Hike: "A closer look at the administration's 2006 budget shows an economic agenda promoting the wrong choices and wrong priorities. Rolling back massive tax cuts for millionaires is off the table, but the Bush administration has no qualms about raising taxes on average Americans. The budget President Bush submitted to Congress yesterday imposes $5.3 billion in new, regressive taxes. (They are conveniently listed in table 18-3 on page 305 of the Analytic Perspectives supplement to the budget.) The administration's budget contains new taxes that will increase the price of a six-pack of beer, an airline ticket and prescription drugs for veterans. Meanwhile, the budget cuts funding for education, public health and environmental protection and includes $1.4 trillion in new tax cuts for the wealthy. "
(Via AlterNet.)
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