1 Vote
Interesting comparison
I saw a comparison of how much ‘cost’ allowing the ‘Tax Cuts for the Wealthy’ would amount to over ten years versus the ones for those who are not so wealthy.
Over 250: the ‘cost’ is around 700 Billion over ten years, or around 70 Billion per year.
Under 250K: the ‘cost’ is around 3.1 TRILLION over ten years, or around 310 billion per year.
Total cost: about 380 Billion per year to the Federal Budget.
Another chart during the same newscast indicated that the agency that is looking at the budget has found a number of programs across every agency that have little to no effect that total about 180 Billion per year. Just cutting those alone will account for over half of the taxes that were cut.I’m sure we could find ways to get the other half.
RE: Interesting comparison by Occams
Tax cuts are for the citizens of strong economies of countries that are being managed very well. The government can take a pay cut because it is not in debt and it has funded all the necessary programs.
I wonder where the idea could have come from that a tax cut is justified for Americans on large incomes.
What does that tell us?