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...
And the hits they keep a coming. http://www.breitbart.com/Big-Government/2012/11/15/Surprise-Jobless-Claims-Up-Over-75000 Texas Instruments Cuts 1,700 jobs http://www.cnbc.com/id/49835852 U.S. Postal Service on a ‘Tightrope’ Lost $15.9 Billion http://www.bloomberg.com/news/2012-11-15/u-s-postal-service-on-tightrope-loses-15-9-billion.html
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.
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