$60 Billion: The approximate amount that extending the Bush tax cuts on income above $250,000 a year -- which Congress seems on the verge of doing -- will cost a year, in inflation-adjusted terms. On average, the affluent households that benefit from these cuts will save $25,000 annually. What else might that $60 billion a year buy?Read More... More on Bush Tax Cuts
Similar Stories to Letting Tax Cuts Expire Would Save U.s. $60 Billion Per Year on Bing News
The Huffington Post News Editors, Huffington Post
Sat, 12/04/2010 - 9:24pm
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BING NEWS:
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Millions of Americans follow their passions every day as small-business owners in our nation’s free enterprise system, which has created more prosperity than any other economic system in the history ...
06/5/2024 - 10:12 am | View Link - RELEASE: Permanently Extending the Trump Tax Cuts Would Increase Upward Pressure on the Debt Ratio by More Than 50 Percent
Permanently extending the Trump tax cuts would increase the fiscal gap to 3.3 percent of GDP. This would make stabilizing debt as a percentage of GDP 54 percent harder.
06/5/2024 - 3:57 am | View Link - Permanently Extending the Trump Tax Cuts Would Increase Upward Pressure on the Debt Ratio by More Than 50 Percent
If Congress renews the Trump tax package, the fiscal gap will grow from 2.1 percent of GDP to 3.3 percent of GDP, making debt ratio stabilization 54 percent harder.
06/5/2024 - 2:00 am | View Link - Tax cut trigger likely to be hit in August; could total $18M revenue drop for FY 2025
As August approaches, state leaders are still uncertain about what the impact could be of the impending trigger that could — depending on revenue collections — bring an end to the state’s personal ...
06/4/2024 - 11:00 pm | View Link - Study finds 2024 income tax cuts will result in $1.85 billion in tax savings over 10 years
A study from an Iowa research institute found that the latest individual income tax cuts will result in $1.85 billion in tax savings for income tax payers in the next decade. The Common Sense ...
06/3/2024 - 11:55 am | View Link - More
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