Out of the 116 million households in America, two-thirds of
the nation's total income gains from 2002 to 2007 flowed to the top 1 percent
of U.S. households (or 1.2 million). Meanwhile, they have been handed over $700
billion in tax breaks. Check out this website to see a live count of the cost.
Last week, some members of Congress threatened to stall any further legislation (legislation that is crucial for the government to function smoothly) so tax breaks could be secured for the richest Americans. Read more