NC Budget and Tax Center, Uncategorized

Addressing the Federal Deficit by Ending the High-Income Tax Cuts

The Center on Budget and Policy Priorities put up a graph last week on the recent Congressional Budget Office’s analysis of ending the Bush tax cuts from 2001 and 2003 on income over $250,000.  The key finding is that ending these tax cuts would save almost $1 trillion over the decade. Compared to extending all the tax cuts, ending those cuts for the top 2 percent would save $823 billion in revenue and $127 billion on interest on the nation’s debt.  The graph here tells the story.

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Trump + North Carolina News + Commentary
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.