Wednesday, September 9, 2009

Finally... "Dem's Health Plan Half as Costly as Bush Tax Cuts"

The Democrats' health care plan costs half as much as the two major tax cuts pushed by the George W. Bush administration, according to a report issued Tuesday.

Enacted in 2001 and 2003, the Bush tax cuts are projected to cost about $2.1 trillion in lost revenue in the 10 years since they were first passed, according to Citizens for Tax Justice, a liberal-leaning research group in Washington, D.C. About $979 billion of that would have come from the richest five percent of taxpayers.

By comparison, the health care plan advocated by House Democrats is projected to cost about $1 trillion through its first decade (2010-2019), according to estimates from the Congressional Budget Office. Read full Huff Post article here. Get report from Citizen's for Tax Justice here.

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