Does anyone remember how much the Shrub tax cuts were for the under $250,000 group?

[napi21]

I've been searching google for the info, but all I can find is the cuts for the wealthy.

I'm trying to find the info to see if it's REALLY worth fighting to retain the lower incom cuts and let the top group expire. Maybe, if we're talking about a fairly small amount, it would be worth it & MUCH EASIER to just let the whole damn package expire!

[Hello_Kitty]

1. I think most of it was the doubling of the Child Tax Credit. eom

[FBaggins]

2. Plus lowering the bottom bracket from 15% to 10%

on the first $15k or so.

The reduced/eliminated rate on capital gains and dividends was nice for many (back when there WERE capital gains and dividends).

Call it about $2,000 for the "typical" family of four.

[Stinky The Clown]

3. Go to this thread and scroll down.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8817941

I asked a similar question and got a link to FactCheck that lays out all the cuts by income brackets.

Yes, there are some worth extending.

[AnArmyVeteran]

4. I remember those 'huge' $300 checks we got!

And while we got $300 the rich received massive tax cuts. If I remember right we had to pay tax in the $300 the following year so we didn't even get the full $300. Can you imagine how mad the right wingers would get if Obama handed out $300 checks to everyone?

Oh yeah: I forgot to mention that the $300 checks increased our debt and republicans who controlled congress weren't whining about how they would be paid for, as they were about the unemployment compensation extension.

[Ernesto]

5. Aw yes....

We non millionaire types were soooo pleased to get a bone while the bank was being robbed to bribe his supporters.
Funny thing happened.... the sheeple fell for it!

[AnArmyVeteran]

11. I know. My right wing friends sounded like they won the lottery.

They were so happy when they got their paltry checks without thinking how much the rich were getting and how all of their tax breaks were put on the backs of the middle class and poor. They cheered when bush added on to our debt. My friends aren't stupid. But they are completely ignorant. And they are all faux and right wing radio listeners.

[Hannah Bell]

6. bottom 80% got less than the top 1%, but that doesn't mean the savings weren't

helpful at the bottom.

http://www.ctj.org/pdf/bushtaxcutsvshealthcare.pdf

[Bitwit1234]

7. I do remember there was a slight cut I think back when he first

took office. It added up to about maybe 3 to 4 dollars a pay day for most people who were not the super rich. It was so small a lot of people didn't realize it.

[Motown_Johnny]

8. this link was posted on another thread. It should have all the info you are looking for

http://www.factcheck.org/here_we_go_again_bush_exaggerates_tax.html

[pansypoo53219]

9. i got nothing. and i needed it.

also no $300.

[Old and In the Way]

10. It wasn't so much a taxcut as a cheap temporary pay-off.

We'll still paying for it in the form of higher state/;local taxes, reduced services, and an increased per capita national debt.