Conservative Tax Breaks: The Greatest Help for Millionaires

Robert Borosage's picture

President Bush declared his tax breaks would provide "the greatest help for those most in need." In reality, conservative policies have delivered meager tax savings for most Americans, while most of his tax cuts went to millionaires.

In 2006, low-income families received an average tax break of $23, while middle-income families got an average tax break of $746. By contrast, the average tax break for millionaires was over $111,500.

Meanwhile, low- and moderate-income families have not been able to keep up with higher costs for necessities like health care, housing, education and gasoline. In 2006 the average cost to a middle-income earner for these necessities has ranged from $13,879 to as high as $28,064.