"SOTU: Poverty Has Worsened Under Bush"
Bush said: “In New Orleans and in other places, many of our fellow citizens have felt excluded from the promise of our country.”
FACT — POVERTY RATES HAVE INCREAED UNDER BUSH: The poverty rate has risen each year since 2001, with 12.7 percent of the population now living in poverty. African-American poverty has risen from 22.7 percent in 2001 to 24.7 percent in 2004, and child poverty has gone from 16.3 percent in 2001 to 17.8 percent (1.3 million children under the age of 18). [U.S. Census Bureau, Aug. 2005, Tables B-1 and B-2]
FACT — BUSH TAX CUTS TARGETED AT HIGH-INCOME HOUSEHOLDS: The tax bills enacted since 2001 “have helped high-income households far more than other households,” according to the Center for Budget and Policy Priorities. Households with incomes exceeding $1 million have received average tax cuts of $103,000, “an increase of 5.4 percent in their after-tax income.” But in 2005, the bottom fifth of households “will receive an average combined tax cut of $18 from these bills, raising their after-tax income by 0.3 percent.” [Center on Budget and Policy Priorities, 10/17/05]