What is the estimated cost of the unemployment ins. extension? What is the cost of the tax cuts?

[Stinky The Clown]

UI Extension - $54.6B

Tax Cuts for the top 2% - $700B to $900B, depending on who is counting.

That really seems like something to think about.

[rfranklin]

1. And the economy benefits three times more from UI spending...

Unemployment benefits return $1.60 approx. to the economy compared to about 54 cents on tax breaks.

[walldude]

8. I heard 30 cents on the tax break...

semantics but there it is.

[lookmomnohands]

2. I'm new here and am having trouble understanding something..

How can the tax cut cost $700-900B if it has been in place for 10 years now? If its just keeping the tax rate then how will it cost money to stay the same?

[thereismore]

4. That's compared to what the revenue would be if the tax rates were at the Y2K level. nt

[Name removed]

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[thereismore]

6. I think all of the difference is in the top tax bracket. nt

[Name removed]

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[thereismore]

3. But that $900B is over 10 years, and $55B is over 13 months. At least I think so. nt

[walldude]

9. No the 900 billion is over 2 years at which point the

cuts will expire again. Or not.