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GWB tax cuts & the aftermath

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Mon, 11 Jul 11 2:30 PM | 44 view(s)
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GWB tax cuts & the aftermath

In FY2001 spending was $1,862.8 trillion; by FY2009 spending was at $3,517.7 trillion - more than $1.4 trillion more than what was collected in taxes.

Analysis by Citizens for Tax Justice claims that the Bush era tax cuts resulted in $1,918.9 trillion in lower revenue from FY2001 through FY2009, and that the total cost if implementing the cuts (including interest payments on debt) was $2,141 trillion.

http://www.cbsnews.com/stories/2011/07/10/ftn/main20078242.shtml

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