Google+
Close

The Corner

The one and only.

Dr. K’s “Swindle”



Text  



A reader and professional GOP Hill wonk writes:

The total “cost” according to congressional accounting is $850 billion.  Dr. K’s figure definitely includes the “cost” of just keeping current tax policies in place in 2011. Keeping the 2001/2003 tax cut laws in place, which is just preventing a tax increase, is $408 billion of what is being counted as the “cost” of this.  Preventing an unintended tax increase via an extension of the AMT path is another $137 billion of the “cost”.  The death tax provisions, which are a tax INCREASE compared to 2010, are $68 billion of his figure.  So that’s $613 billion right of the bat, and much more than the majority of the total package.  And then there are also smaller extensions of existing tax cuts also…



Text  


Sign up for free NRO e-mails today:

Subscribe to National Review