Home › Forums › Other › For most of you, you’re safe (Tax on Rich) › no_such_reality wrote:CBO
[quote=no_such_reality]CBO says expiring tax cuts is $4 Trillion over decade.
Let’s keep it simple and say it’s $400 billion. http://www.cbo.gov/sites/default/files/cbofiles/attachments/08-22-2012-Update_to_Outlook.pdf
Or let’s just look at CBO baseline revenue projection: $2.913T.
So $3.035T – $2.913T. So I’m short $120 Billion.
Fine increase cuts by 5%.
45% defense. 25%discretionary. Or would you like to quiblle over the $20Billion?
Of 40% defense and 30% discretionary. net $129 Billion gain to close the gap.
Or let’s really have fun, 50% defense, 30% discretionary, expire the tax cuts, payroll cuts and have enough to pay off the debt in 183 Years![/quote]
Just saw this thread, but wanted to say that you and I finally agree on something, nsr. 🙂
