September 28, 2015

Jeb Bush’s Tax Plan Is Written in Pixels, Not Stone Tablets

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There’s nothing Republicans like more than talking about taxes. So Chris Wallace asked Jeb Bush about his tax plan this weekend. In particular, he wanted to know why the rich were getting such a big break under Bush’s plan. Jeb replied that this was simply a law of nature:

The simple fact is 1 percent of people pay 40 percent of all the taxes. And so, of course, tax cuts for everybody is going to generate more for people that are paying a lot more. I mean that’s just the way it is.

You will be unsurprised to learn that this isn’t true. Bush’s plan includes new tax brackets for everyone, and the rich pay a lot less under his plan because he chose to cut taxes in their bracket a lot. He didn’t have to do that. He could have left their tax rates where they are or lowered them only a little. Instead he chose to lower them a lot. However, as my comprehensive graphic below shows, this was handed down in pixels, not stone tablets. So Bush can change this anytime he wants.

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We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

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