Think Bush's Millionaire Tax Cuts Are Bad? Tim Pawlenty's Would Quadruple Them
Tim Pawlenty's outrageous plan would give millions more in tax breaks for the very rich.
Suddenly, George W. Bush's tax cuts for the wealthy aren't looking so bad. This chart, from the The Center on Budget and Policy Priorities, plainly lays out 2012 GOP hopeful Tim Pawlenty's plan for $7.8 trillion in tax cuts. His tax plan would mean a 41 percent tax cut for millionaires, and a tax cut of $1.8 million for the top .1 percent—more than four times what they got under the Bush tax cuts last year.
It's not likely that Tim Pawlenty will win the nomination (especially after talk of a poor showing at the GOP debates on Monday), and this is clearly election-season posturing. But still, one look at this graph and it becomes crystal clear just how little Pawlenty actually cares about the national debt.