Thursday, September 10, 2009

Tax Cuts v Health Care

Health care reform legislation is projected to cost $1 trillion, if enacted, from 2010 to 2019. Republicans have been feigning outrage. George Bush’s tax cuts cost $2.5 trillion from 2001 to 2010.

As Citizens for Tax Justice comment, “Many of the lawmakers who argue that the health care reform legislation is too costly are the same lawmakers who supported Bush tax cuts.”

52.5 percent of the tax cuts went to the richest 5 percent of taxpayers.

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