Bush Tax Cuts Leave a Deficit

Armand Biroonak's picture
Submitted by Armand Biroonak
July 17th, 2008
Posted in

The Bush tax cuts that promised to pay for themselves, in fact will cost American taxpayers $300 billion last year. The tax cuts are primarily responsible for the deficit.

Source
James Horney, "Smaller Deficit Estimate No Surprise: New OMB Estimates Do Not Support Claims About Tax Cuts," Center for Budget and Policy Priorities. 13 July 2007. http://www.cbpp.org/7-11-07bud.htm
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