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Addressing the Federal Deficit by Ending the High-Income Tax Cuts
Posted By Alexandra Sirota On August 28, 2012 @ 12:17 pm In NC Budget and Tax Center,Uncategorized | Comments Disabled
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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URL to article: http://pulse.ncpolicywatch.org/2012/08/28/addressing-the-federal-deficit-by-ending-the-high-income-tax-cuts/
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