Tax Inequality Quotes



The George W. Bush administration when they had a Republican-controlled Congress, had amended the tax laws to treat the earnings of the hedge fund managers differently from people who manage other enterprises in the nation. They gave a group of very wealthy managers whose earnings were already amongst the highest of any managers in the country a huge tax break, while little public attention was paid to the subtlety of complex tax laws. Daschle and others began to draw public attention to the inequity.


Two decades later, in 2011, the fact that the very wealthy often paid tax at a much lower rate than the middle class and even some working poor became a major political issue.