NY Times: Report Finds Tax Cuts Heavily Favor the Wealthy. “According to the new report from the Congressional Budget Office, about two-thirds of the benefits from the tax cuts, enacted in 2001 and 2003, went to households in the top fifth of earnings, with an average income of $203,740.
“But the report also gave Republicans support for their contention that tax reduction had brought some benefit to people in almost all income categories.”