In it, but not of it. TPM DC
But how severe would the upward redistribution be? The Center on Budget and Policy Priorities crunched the numbers and came up with a handy chart.
After taxes, the very wealthiest people in the country would see their after-tax income spike by over one-third. Those on the other end of the income spectrum would hardly notice the bump. And that's to say nothing of the fact that, without all that revenue, the government would no longer be able to fund the services many middle class and lower income Americans depend on.
From CBPP: "In 2013 the Pawlenty plan would give people in the top one-tenth of 1 percent on the income scale (i.e., people with incomes above $2.7 million) an average annual tax cut of $1.8 million"
His plan is driving the debate among GOP presidential hopefuls. Though not all of them will ultimately match his cuts or exceed them, they will certainly be using it as a benchmark.