Jeb Bush's tax plan, outlined a couple of weeks ago, is burdened by some fairly serious flaws. It is, for example, a multi-trillion package that the Republican can't pay for. It's also built on a series of trickle-down assumptions that are hard to take seriously.
But there's also the plain, political reality: in a year in which economic populism is striking a chord, the former governor is pushing a plan that disproportionately benefits the very wealthy. Fox News' Chris Wallace pressed Bush on this specific point yesterday, and pay particular attention to the Florida Republican's closing response.
WALLACE: Then there's another complaint, and that is the issue of who benefits. The Tax Foundation says the middle class would see after tax income increase 2.9 percent. But the top 1 percent would get a boost of 11.6 percent. An analysis of your tax returns for the last six years, which you have released to the public, the last six years indicates that you would save, under your tax plan, $3 million. Does Jeb Bush need a $3 million tax cut?
BUSH: Look, the benefit of this goes disproportionately to the middle class. If you look at what the middle class pays today compared to what they would pay in our tax plan --
WALLACE: But they get a 2.9 percent increase in after tax income --
BUSH: Because higher income people pay more taxes right now and proportionally, everybody will get a benefit. But proportionally, they'll pay more in with my plan than what they pay today.
WALLACE: Well, I mean, forgive me, sir, but -- but 2.9 seems like it's less than 11.6.
BUSH: The simple fact is 1 percent of people pay 40 percent of all the taxes. And so, of course, tax cuts for everybody is going to generate more for people that are paying a lot more. I mean that's just the way it is.
For Bush, the conclusion is simply unavoidable. He has no choice. To hear the GOP candidate tell it, the effects of the policy are effectively out of his hands -- Bush has to cut taxes across the board and he has to deliver the bulk of the benefits to the rich. "That's just the way it is."
The Republican presidential hopeful may hope voters find this persuasive, but to paraphrase Bruce Hornsby, who sang about those who say, "That's just the way it is," don't you believe him.