Well, well, well. The years under Saint Clinton weren't so heavenly after all. Or more accurately, it hasn't really all gone to hell under evil President Bush.
Democrats and their media pals dismiss all this by saying that the richest are paying more taxes because they're making out like bandits in the Bush years. Former Clinton economic adviser Gene Sperling grouses that the 1990s were "an era of shared prosperity," but that the Bush policies have produced "a disappointing decade on inequality."
The new IRS report contradicts that fairy tale too. Let's use the left's own definition of fairness and examine the actual new IRS evidence (see chart). During the Clinton Presidency, the share of total income earned by the richest 1% increased to a post-World War II high of 20.8% in 2000, from 13.8% in 1993. By contrast, in the first four years of the Bush Presidency, the income share of the top 1% fell slightly, to 19.0% from 20.8%.
Of course, don't expect the MSM to be shouting this information out anytime soon. Or Democrats.
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