Originally Posted By: sinij
Originally Posted By: Cheerio
what effect do you think eliminating the bush tax cuts will have on the economy?


It will increase revenue and as a result decrease deficit.


according to this, a left wing source, letting the bush tax cut expire will raise 1 trillion over the next 10 years.
http://www.huffingtonpost.com/mobileweb/2012/08/24/bush-era-tax-cuts-revenue-expire_n_1828657.html
so thats like 100 billion a year

according to this article here,
http://m.cbsnews.com/storysynopsis.rbml?...mp;videofeed=39 ,

the deficit since 2008 is 4.9 trillion, or 1.2 trillion per year. by the way, this article also points out that 4 years under obama has cost us more than 8 under bush.

so letting the bush tax cuts lapse will cut the average yearly deficit from 1.2 trillion to 1.1 trillion, and cost the average taxpayer $5700. that seems like a good idea?
http://m.cnbc.com//id/48674247/How_Much_Will_It_Cost_You_If_Bush_Tax_Cuts_End_A_Lot

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