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Notes From the Fieldby Martin Weil

June 10, 2011

Slate deconstructs the Bush tax cuts

And the conclusions the e-mag reaches (note, Slate is hardly non-partisan) are fairly damning.

*  Between 2001 and 2011, the top 1% of earners received 38% of the benefit of the cuts.
*  The US experienced the slowest rate of job and GDP growth since WWII.
*  Median real wages (the best measure of average earnings) actually declined and inequality continued to skyrocket.
*  The Bush tax cuts added $2.6T to the national debt, about 1/2 the debt increase over the past decade.

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