Bush Appointee Argues Against Republican Income Tax Talking Point
A happy tax day to all readers. Yesterday, I took a look at the conservative talking point that only 47 percent of Americans pay income taxes. Today, Keith Hennessey, an economic adviser to President George W. Bush, explains that Republicans expanded the tax credits that ensure that a relatively small proportion of Americans pay those income taxes:
But most of the increase since the mid-1990s in the number of people who owe no income taxes is the result of the child tax credit. This policy was created by Congressional Republicans and expanded with Republicans in the lead.
To boot, he goes through a timeline of the changes.