Aug 02, I don't see any reason tree cutting in jungle we should renew a tax cut that only gives a tax cut to the wealthiest people in America, increases the deficit, and doesn't create jobs. That doesn't make any sense. On the contrary, failing to extend the Bush-era tax cuts will actually increase the deficit and the unemployment rate.
With Congress set to convene to tackle sequestration and the fiscal cliff, the talk has once again centered around federal budget cuts and their potential effects.
Nancy Pelosi fails to acknowledge that if all of the Bush-era tax cuts are allowed to expire, marginal tax rates will increase. May 10, Just two policies dating from the Bush Administration - tax cuts and the wars in Iraq and Afghanistan - accounted for overbillion of the deficit in and will account for 7 trillion in deficits in throughincluding the associated debt-service costs. Estimated Reading Time: 10 mins. Feb 28, Just two policies dating from the Bush Administration - tax cuts and the wars in Iraq and Afghanistan - accounted for overbillion of the deficit in and will account for nearly 6 trillion in deficits in through (including associated debt-service costs oftrillion).Estimated Reading Time: 11 mins.
Feb 28, Congress scheduled the Bush tax cuts to expire in to comply with the Byrd rule, which prohibits any tax law to increase the deficit beyond 10 years.
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However, that was a mid-term election year. No Congressperson wanted to jeopardize re-election by voting against a proposed extension to the Bush tax cuts and thereby raising taxes on low- and middle-income Americans. Jul 12, In FYtax revenue in dollars was 1, billion.
For FY - the first budget of the Bush administration, which went into effect after President George W. Bush signed tax cuts into law Estimated Reading Time: 3 mins.