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Ryan budget

August 18, 2012

from Paul Krugman’s blog, Aug 18:

“Continuing with my Ryan series, let’s look at what his budget (pdf) actually proposes (as opposed to vaguely promises) in its first decade.

First, there are a set of tax cuts for higher income brackets and corporations. The Tax Policy Center (pdf) estimates the cost of these tax cuts, relative to current policy, at $4.3 trillion.”

Total 10-yr:  tax cuts $4.3 trill; spending cuts 1.7 trill; adds to budget deficit round 2.6 trill.

From → corporations, taxes

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