See my rebuttal below:
Whenever left-wingers start complaining about how President Bush’s tax cuts helped only the rich, they inevitably ignore the biggest cut the president provided for the middle class: the child income tax credit, a decidedly family-friendly policy.
President Bush’s cuts doubled this credit from $500 to $1,000. If you are married and have children ages 17 and under at home, and you pay taxes, you continue to benefit significantly from this cut.
The middle class has benefited greatly over the years from this increase. For example, under President Bush’s cuts, a married couple making only $40,000 a year and with two children got a 96 percent cut in federal income taxes; their federal bill dropped from $1,178 to $45, some $1,000 of that being from the doubling of the child tax credit.
When the median household income in the U.S. in 2006 was $48,201 — about $43,000 in Georgia — this cut means a great deal to the middle class: teachers, many office workers, plumbers, electricians, carpenters, real estate agents, middle- and higher-end factory workers and many others.
If you have children and pay taxes, you might want to keep the Republicans’ increased child tax credit in mind when you hear people claiming the middle class did not get a cut. You might also want to keep in mind that an important segment of Democrats opposed this family-friendly middle class cut originally. In other words, they did not want middle-class families to get this particular cut.
Worse, many Democrats want to end it with other Bush cuts. In fact, their recently released budget and tax plan would end it.