stopbush
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Tue Dec-07-10 12:32 AM
Original message |
Extending bush Cuts For The Rich 4 Two Years= $140B, NOT $700-B |
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I keep reading that Obama just gave the richest 1% "another $700-billion in tax cuts that will be added to the deficit."
No, he just gave them $140-B, ie: $70-B for 2 years.
The $700-B number one hears is what the bush tax cuts for the rich added to the deficit over the 10 years that they have been in place. That was $70-B a year over 10 years.
The two year extension adds another $140-B to the deficit.
I'm not for it, but inflating the number to make an argument is a tactic people use when the facts aren't on their side.
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leftstreet
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Tue Dec-07-10 12:33 AM
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1. Technically, aren't they the Obama Tax Cuts For The Rich now? |
stopbush
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Tue Dec-07-10 12:36 AM
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He'll be able to use that in 2012 when the Rs pull their class warfare crapola again.
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Major Hogwash
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Tue Dec-07-10 12:50 AM
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6. No shit. The Republicans in the House voted against any tax cuts. |
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Because they were in 2 separate bills, the same way the tax cuts became law.
Not only that, but the Republicans voted en bloc against renewing unemployment benefits for 1 million unemployed people whose benefits are scheduled to expire at the end of the month.
So, the Republicans have demonstrated to the American public who they care for - the rich!!
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Statistical
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Tue Dec-07-10 12:36 AM
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4. That has a horrible ring to it. n/t |
JamesA1102
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Tue Dec-07-10 12:33 AM
Response to Original message |
2. Don't confuse the demagogues with facts nt |
dkf
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Tue Dec-07-10 12:47 AM
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5. It's two years of the middle class tax cuts plus the unemployment extension for one year that costs |
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Close to $700 billion.
I doubt any politician will ever have the guts to raise those taxes. Instead they are going to wait for the IMF to force austerity on us.
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neverforget
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Tue Dec-07-10 12:52 AM
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7. $140 billion that the Republicans can now add to slashing from the budget |
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because the "debt" will now be their next priority.
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ddeclue
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Tue Dec-07-10 01:04 AM
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8. In two years Obama loses and the new Republican President will make them permanent. |
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Fri Apr 19th 2024, 10:31 PM
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