Tax Cuts Offer Most for Very Rich, Study Says

The study offers ammunition to supporters and opponents of Mr. Bush’s tax cuts...

Here's the headline the New York Times did not run:

40% of all Americans -- and 100% of the Poor -- Pay No Income Taxes, Get Money Instead, says CBO
Increased revenues from middle and upper income taxes make it possible -- Bush gets credit!

Money quote from the story:

...families in the bottom 40 percent of income earners, those with incomes below $36,300, typically paid no federal income tax and received money back from the government. That so-called negative income tax stemmed mainly from the earned-income tax credit, a program that benefits low-income parents who are employed.

Sum it up this way: rich families were the undisputed "winners" from President Bush’s tax cuts, but people in the bottom half of the earnings scale were not paying taxes anyway (they'd already won).