Letting Tax Cuts Expire Would Save U.s. $60 Billion Per Year

The Huffington Post News Editors, Huffington Post
Sat, 12/04/2010 - 9:24pm

Letting Tax Cuts Expire Would Save U.S. $60 Billion Per Year

$60 Billion: The approximate amount that extending the Bush tax cuts on income above $250,000 a year -- which Congress seems on the verge of doing -- will cost a year, in inflation-adjusted terms. On average, the affluent households that benefit from these cuts will save $25,000 annually. What else might that $60 billion a year buy?Read More... More on Bush Tax Cuts

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