Trumka Willing To 'Accept The Consequences' Of Holding The Line On Ending Wealthy Tax Rates
Tuesday, November 16, 2010
FYI -
If Bush's tax cuts are allowed to expire as they are set to on December 31st, the deficit would be cut in half, instantly.
If the tax cuts are continued for the rich, we would have to borrow $700 billion to pay for it.
If the tax cuts are continued for everyone, we would have to borrow $3 trillion to pay for it.
And if there is a 2-year extension "compromise", we would have to borrow $70-140 billion for the rich's portion and $383 billion for the middle class's portion.
Read the Article at HuffingtonPost
0 comments:
Post a Comment