First, the total cost of these policies, in billions of dollars. As it's easy to see, the extension of the Bush tax cuts do the most damage on the revenue ledger of the federal government. Total extension costs $750 billion over two years, while the Democrats' favored policy of extending all but the top rates costs $670 billion. The other major tax provision - an...
I say let it happen. Let's have teh Fiscal Cliff. People voted for more poverty. Give it to them.
As an accompaniment to the earlier report on the Congressional Budget Office's analysis of the fiscal cliff, here are some charts to help visualize what kind of effect that the policies under discussion will have.
- New solution to border crisis: Send U.S. officials to Honduras to give kids refugee status? Allahpundit 9 hours ago
- Boehner accuses White House of sabotaging Veterans Affairs bill Noah Rothman 9 hours ago
- NFL suspends Ray Rice for two games in domestic-assault case Ed Morrissey 10 hours ago
- Great news from Hillary: The Russian reset worked Allahpundit 11 hours ago
- Thursday TEMS: Duane Patterson, Daniel Garza, Mike McFadden Ed Morrissey 11 hours ago
- FEC Chairman sounds alarm to Hot Air: There’s a ‘move afoot to constrict press freedoms’ Noah Rothman 11 hours ago