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Next time you hear the Bush tax cut described as a tax cut for the rich, you may want to mention that:
There’s nobody else to cut taxes on except the rich, because the rich already pay all the taxes.
John Weicher, as a senior fellow at the Hudson Institute and a visiting scholar at the Federal Reserve Bank, wrote in his February 13, 1997 Washington Post Op-Ed, “Most of the rich have earned their wealth… Looking at the Fortune 400, quite a few even of the very richest people came from a standing start, while others inherited a small business and turned it into a giant corporation.” What’s happening here is not that “the rich are getting richer and the poor are getting poorer.” The numbers prove it.
These are IRS numbers, quoted by Rush.
