By Zaid Jilani on Jun 7, 2011 at 9:15 am
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.
ThinkProgress, using data on various social spending projects from the National Priorities Project — which does these calculations for the cost of the Iraq and Afghan wars — has estimated ten other possible policies we could’ve paid for at the same $2.5 trillion price of the
In: World News, Politics
Tags: politics, Bush, 2001, 2.5 trillion dollars, Tax cuts, policy makers, Republicans, Iraq, Afghanistan, low-income, child healthcare The Rich, Screw the poor, waste, ThinkProgress,
Location: United States (load item map)
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