Thursday, July 11, 2002

Suffer the Children Millions of American children are facing such serious issues as substandard housing and homelessness, inadequate and crumbling schools, and restricted access to health care, even as the money that might help alleviate some of these ills is being squandered on tax cuts that are scandalously huge � and growing! An analysis of the Bush tax cut released jointly by Citizens for Tax Justice and the Children's Defense Fund found that while the wealthiest Americans "have already received a hefty down payment on their Bush tax cuts � averaging just under $12,000 each this year � 80 percent of their windfall is scheduled to come from tax changes that won't take effect until after this year, mostly from items that phase in after 2005." For the vast majority of Americans, three-quarters of the Bush tax cuts � averaging about $350 this year � are already in place, the study said. From 2001 through 2010, "the richest Americans � the best-off 1 percent � are slated to receive tax cuts totaling almost half a trillion dollars. The $477 billion in tax breaks the Bush administration has targeted to this elite group will average $342,000 each over the decade." The clincher: "By 2010, when (and if) the Bush tax reductions are fully in place, an astonishing 52 percent of the total tax cuts will go to the richest 1 percent, whose average 2010 income will be $1.5 million." Kids don't stand a chance in that environment. Marion Wright Edelman, president of the Children's Defense Fund, put the matter well: "The Bush administration's words say, `Leave no child behind.' The Bush administration's deeds say, `Leave no millionaire behind.' " http://www.nytimes.com/2002/07/11/opinion/11HERB.html