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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (16094)	4/19/2004 4:02:25 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 81568

I think they are underestimating the impact of the tax cut. My initial calculation was wrong because I was 1) using the WSJ's numbers and 2) I made a mistake. But now that I've looked at it myself (instead of relying on other people's numbers), it looks like the tax cut's impact is $50 to $75 Billion per year ... a start on the $700 Billion deficit. If it is only $25 Billion, then lets repeal it right away since it is a meaningless amount<g>. I would consider it my contribution to the war effort. The actual impact is unclear. On "Meet the Press" yesterday: MR. RUSSERT: Senator, if you repeal the top bracket of the Bush tax cut, you get about $50 billion a year. SEN. KERRY: Actually, you get about--you get more than that, Tim. MR. RUSSERT: It's pretty close. $200 billion over four years. And if you go through and add up your--if you... SEN. KERRY: Tim, no, that's wrong. You get about $850 billion over 10 years.