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by Between the Lines' Melinda Tuhus
Monday, Jun. 19, 2006 at 2:21 AM
email@example.com BETWEEN THE LINES c/o WPKN Radio 89.5 FM Bridgeport, Connecticut
Interview with Len Berman, director of the Tax Policy Center, conducted by Between the Lines' Melinda Tuhus
Bush-GOP Tax Cuts Benefit Wealthy While Jeopardizing U.S. Economic Future
Interview with Len Berman, director of the Tax Policy Center, conducted by Melinda Tuhus
Last month, the U.S. Congress voted to extend until 2010 an earlier tax cut it passed at the behest of President Bush. That extension, along with postponing for one year the requirement for many tax filers to comply with the alternative minimum tax, amounts to a billion tax cut, the vast majority of it going to the wealthiest Americans. The non-partisan Tax Policy Center estimates that the richest 20 percent of Americans will reap almost three-quarters of the benefits, while the top one-half of one percent will gain 20 percent of the benefits from the tax cut. But the corporate media, for the most part, reported as fact conservatives' claim that this move would benefit the American economy broadly.
Then last week, the Senate voted down an attempt to repeal the estate tax outright that would have cost the government up to trillion in revenue over the coming decade. But Congress left intact many changes that have allowed wealthy families to avoid paying significant taxes upon the death of a wealthy head of household. The tax cuts and changes to inheritance laws have together dramatically shifted the tax burden from the wealthy to middle- and working class citizens at a time when the U.S. is spending 0 million a day on the war in Iraq and faces a 0 billion deficit.
Between The Lines' Melinda Tuhus spoke with Len Berman, director of the Tax Policy Center, which is a joint project of the Urban Institute and the Brookings Institution. He explains who's really benefiting from the cuts, and who's suffering.
Contact the Tax Policy Center at www.taxpolicycenter.org or by calling (202) 833-7200.
LISTEN to this week's half-hour program of Between The Lines by clicking on one of the links below:
"Between The Lines" is a half-hour syndicated radio news magazine that each week features a summary of under-reported news stories and interviews with activists and journalists who offer progressive perspectives on international, national and regional political, economic and social issues. Because "Between The Lines" is independent of all publications, media networks or political parties, we are able to bring a diversity of voices to the airwaves generally ignored or marginalized by the major media. For more information on this week's topics and to check out our text archive listing topics and guests presented in previous programs visit: http://www.btlonline.org
"Between the Lines," WPKN 89.5 FM's weekly radio news magazine can be heard Tuesdays at 5:30 p.m. ET; Wednesdays at 8 a.m. ET and Saturdays at 2 p.m. ET (Wednesday's show airs at 7:30 a.m. ET during fundraising months of April and October).
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©2006 Between The Lines. All Rights Reserved.
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