TAX NONSENSE….I didn’t have the energy to write yet another post about the progressivity of the American tax code today, but luckily Matt Yglesias does it for me. The nickel version is: don’t be a moron. Of course George Bush hasn’t made the tax code more progressive.
Interestingly, though (or maybe not), even Matt gets slightly suckered by JEC report #109-36, the source of this current round of idiocy. It’s true that the report doesn’t claim that Bush’s tax cuts have made “the tax system” more progressive, but in fact it doesn’t even claim that his cuts have made “the personal income tax” more progressive. It merely says that the personal income tax is progressive. Which it is. No thanks to Mr. Bush, needless to say.