- March 12 - One third of the savings under the Bush tax proposal would
go to the wealthiest 1 percent of taxpayers, while one third
of taxpayers would receive less than $200 in tax relief. "It
doesn't take a rocket scientist to calculate that the average
working woman is getting virtually no tax cut while Bush's wealthiest
friends will get the majority of the proposed $1.6 trillion
cut," said Eleanor Smeal, president of the Feminist Majority
According to the 1999 Population Survey by the U.S. Census
Bureau, women have a median income of $26,324, compared to men's
median income of $36,476. Under the Bush plan, the tax rate on
the first $6,000 earned by single people and the first $12,000
earned by married couples drops from 15 percent to 10 percent.
But the next tax bracket, $6,001-$27,050, representing 84
percent of women, gets no tax relief at all.
"Working women need tax relief most of all yet they are left
out of the equation," continued Smeal. "I ask President Bush
what is compassionate about helping the rich get richer and the
poor get poorer?"