
http://www.scribd.com/doc/19569018/Citizens-For-Tax-JusticeThe-Bush-Tax-Cuts-Cost-Two-and-a-Half-Times-as-Much-as-the-House-Democrats-Health-Care-Proposal
Where were Republican deficit-hawks when the Bush Admin cut taxes, costing as much as $2.5 trillion?
According to Citizens For Tax Justice, the Bush tax cuts cost two and a half times as much as the House Democrats' health care proposal:
CTJ: Newly revised estimates from Citizens for Tax Justice show that the Bush tax cuts cost almost $2.5 trillion over the decade after they were first enacted (2001-2010). Preliminary estimates from the non-partisan Congressional Budget Office show that the House Democrats’ health care reform legislation is projected to cost $1 trillion over the decade after it would be enacted (2010-2019).
Conservatives, of course, argue tax cuts have a stimulative effect. REALITY, however, says the opposite: look no further than financial calamity that Bush policies created.
But even they seem to concede the basic math here. For example the HERITAGE FOUNDATION (!!!) agreed with Paul Krugman's June estimate that even high estimates of the health care plan are "less than the $1.8 trillion cost of the Bush tax cuts." That's even less than the $2.5 trillion figure used by CTJ.
Click the link for the report.
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