Today I received in the mail from The Heritage Foundation a great flier explaining the impact of not allowing the Bush tax cuts to expire. I wanted to share this info with everyone who comes to the site.
Just an FYI for all of you -
According the to The Heritage Foundation:
$2.4 trillion is the overall tax increased faced by Americans and businesses if the current tax cuts are allowed to expire
$1,716 is the average tax increased for over 100 million Americans if the tax cuts expire
$2,034 is the average tax increase that will hit 17 million seniors if the tax cuts are allowed to expire
8.3 million jobs created after the 2003 tax cuts
$91 billion - The cost of reinstating the Death Tax
$17.2 billion spent by 08 Congress on pork project to reward local special interest and pressure groups.
44 million - the number of married couples who will be affect and hit hard if the Marriage Penalty is reinstated
$1480 was the average cost of the Marriage Penalty in 2000
$108 billion was the reduction in 2005 for the federal deficit thanks to the tax cuts. (Of course wouldn't it had been nice if they had cut spending at the same time - that number could have been larger.)
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