Let me just add, to take that point one tiny bit further, that I went through the most recent tax return statistics reported and did a calculation as to who would get what. I concluded that 22% of all tax filers will get no benefit at all from the 1% tax cut; those are the poorest people in the country. Of that 22%, some 63% are women, so it's definitely an upside-down situation.
On March 13th, 2008. See this statement in context.