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

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

Sections:  news   politics   
RELATED ARTICLES
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • Portman among 47 GOP senators to sign letter to Iran
    WASHINGTON — In a move Democrats denounced as trying to sabotage the Obama administration’s foreign policy, Sen. Rob Portman and 46 other Senate Republicans yesterday warned Iran’s leadership that any agreement to limit Tehran’s apparent efforts to build a nuclear bomb would need Senate approval to stay in effect beyond 2016. More
  • Coalition on immigration bill clears first tests
    The bipartisan coalition behind a contentious overhaul of immigration laws stuck together on a critical early series of test votes Thursday, turning back challenges from conservative critics as the Senate Judiciary Committee refined legislation to secure the nation's borders and offer eventual citizenship to millions living illegally in the United States. More
  • Republicans to back Obama's student loan plan
    House Republicans are willing to give President Barack Obama a rare win, the chairman of the Education and Workforce Committee said Thursday in outlining a deal that would let college students avoid a costly hike on their student loans. More
  • GOP boycotts health care advisory board
    House and Senate Republican leaders told President Barack Obama Thursday that they will refuse to nominate candidates to serve on an advisory board that is to play a role in holding down Medicare costs under the new health care act. More
BING NEWS:
  • Trump's big tax-cut plans could be slowed by a wary bond market
    Donald Trump's Republicans are promising to hit the gas next year when they assume full control of the U.S. Congress, with little to stop them from executing the president-elect's promises to slash ...
    11/24/2024 - 10:26 pm | View Link
  • US economists more upbeat, see Trump tax cuts extended: NABE
    The outlook for the U.S. economy is improving, according to a group of leading economists, and investors can thank the Federal Reserve and the incoming Trump administration.
    11/24/2024 - 10:10 pm | View Link
  • What's Next for Trump's Tax Cuts? One Wealth Advisor's Take
    An extension is a tax cut across the board … for businesses, individuals — from the ultra-high-net-worth to an average retiree,” Alison, CFP, founding partner and preside ...
    11/19/2024 - 9:21 am | View Link
  • A Better Way to Pay for Extending the Trump Tax Cuts
    A potential solution exists that would keep US debt from spiraling out of control and should be acceptable to Republicans because they floated it not too long ago.
    11/19/2024 - 12:45 am | View Link
  • How Trump and Republicans could pay for new tax cuts
    President-elect Trump and Republican lawmakers are gearing up to push a massive tax-cut bill through Congress next year but will face pressure to find ways to cover the costs. While Trump and many ...
    11/18/2024 - 9:00 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News