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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6 years ago
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