Ryanator2012 Wrote:
Nov 12, 2012 4:48 PM
Letting the Bush tax cuts expire for millionaires and billionaires will generate $42 BILLION per year in revenue: "Letting the high-income Bush tax cuts lapse, for example, generates $42 billion in 2013 but hardly hurts GDP at all. By contrast, the defense cuts amount to $24 billion but hurts growth by 0.4 percent — quadruple the high-income cuts’ impact." http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/11/08/cbo-letting-upper-income-tax-cuts-expire-would-barely-hurt-economy/