ni on Jun 7, 2011 at 9:15 amWe could’ve guaranteed health care for every child for the cost of the Bush tax cuts.Today marks the 10th anniversary of former President George W. Bush signing into law his 2001 tax cuts (he passed a second round in 2003). While doing so, Bush promised prosperity and growth, but the nation got neither.The cost of these budget-busting 2001 and 2003 tax cuts was, as estimated by Citizens for Tax Justice, roughly $2.5 trillion through 2010. But America didn’t have to go down this route of cutting taxes and hoping for growth to miraculously appear. There were other policy options available to policymakers.

The $2.5 Trillion Tragedy: What America Has Given Up For 10 Years Of Bush Tax Cuts | ThinkProgress

Blogged with the Flock Browser
Advertisements