Big money comes out of the tax closet

Rob McKay, Taco-Bell heir, philanthropist and progressive activist, is one of the rich guys blowing the whistle on the Bush tax cuts. Says Rob: "The latest stomach-turning development in our nation's saga of economic stratification is the dramatic extent to which the Bush Administration's tax cuts benefit the wealthiest 0.1 percent of our citizenry. The income of these 145,000 taxpayers -- the 'hyper-rich,' as the NY Times calls them -- has more than doubled since 1980. Did the earnings of America's bottom 90 percent show even modest gains during that period? No, they fell," says McKay. "I think it's important that we 'people of wealth' start outing ourselves. We need to call attention to ourselves for the sole purpose of fighting Bush's tax cuts." (Huffington Post)
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