How Big Were the Bush Tax Cuts?
By Chris Edwards
The debate on extending the Bush tax cuts has begun. Those opposed to extension argue that the cuts would greatly increase the federal deficit.
The first thing to note is that extending all the 2001 and 2003 tax cuts would lose the government about $216 billion a year in 2012 and rising amounts after that (see page 16). By contrast, [...]
Categories: Politics, Tax and Budget Policy |
Tags: bush tax cuts, federal deficit, federal spending, Reagan Tax Cuts, tax cut | 
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