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soc more people decided to actually crunch the numbers and determine how
much the bush tax cuts for the top five percent has cost us
so the top five percent that would mean that for people making a hundred and
seventy six thousand dollars a year in art
and these numbers are brought to you by citizens for tax justice
the joint committee on taxation in the congressional budget office
and if you want to see more these numbers and when you the only a couple
here but if you'd like to see the rest of them
you can go to uh... cost the tax cuts dot com
so the costs
to the u_s_ treasury from tax cuts for the wealthiest five percent
well the first decade of the bush tax cuts which was from two thousand and one
to two thousand ten
belly cost is nine hundred fifty five
billion dollars in reading it
so all these republicans and even the democrats to dot all you know our fiscal
walter i want to balance the budget i want to get rid of the national debt and
the in the deficit et cetera
if they actually had a interest in doing that
they would have as the bush tax cuts not knowing the theory works the theory of
from the republicans in from george w_ bush was well look if you lor the tax
rate on the rich people
unleashing the beasts and you actually increased government revenue because the
economy explode so quickly and you know a puppy star ratings in the sky and
there's rainbows and everybody singing combined on holding hands
will turn down that didn't happen in this never happened in history
trickle an economics ejected over joke
it's uh... and methodology or an ideology devised to line the pockets of
rich people even more than they've already been line
nine hundred fifty five billion dollars for two thousand one to two dozen intent
solo mom extendedfrom two thousand one of the two thousand twelve
it cost two hundred twenty nine million dollars
when you go there on mister democratic president
in name only
and then no
possible proposed extension from two thousand in thirteen a two thousand
twenty one if that were to happen
now cost
two point all too
trillion dollars
so the total cost
from two thousand and one to two thousand and twenty one would be three
point two trillion dollars
now people on the right wing
always talk about how all i'm a fiscal holcomb a deficit hawk and that's all i
care about that's my main thing
are actually on the deficit hawk
even on classified as as a liberal here in the u_s_
so are you in favor of would you have been in favor of not having the bush tax
cuts because that would have saved us or you know if everything
works out as planned three point two trillion dollars
you can't have it both ways you're either a deficit hawk
or you're in favor of the bush tax cuts
so just to give you a couple all a little bit more perspective on it
arm
the bush tax cuts for the top five percent have cost us twelve point three
percent
to annual deficits since
two thousand one it's a ritual with three percent annual deficits since two
thousand one will losing eleven point six million dollars
every our