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zebonaut

(3,688 posts) Fri Jul 29, 2016, 03:03 PM Jul 2016

Tax Cuts for the Rich (Blast from the Past)

2 replies

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Tax Cuts for the Rich (Blast from the Past) (Original Post) zebonaut Jul 2016 OP

Curious minds want to know - Was this passed? packman Jul 2016 #1

You'll be happy to know it did not. forest444 Jul 2016 #2

packman

(16,296 posts)

1. Curious minds want to know - Was this passed?

Reply to zebonaut (Original post)

Fri Jul 29, 2016, 03:14 PM

Jul 2016

forest444

(5,902 posts)

2. You'll be happy to know it did not.

Reply to packman (Reply #1)

Fri Jul 29, 2016, 06:07 PM

Jul 2016

On the contrary, Democrats were able to allow Bush's tax cuts for the wealthy ($400,000+) to expire when the sequester cuts took effect in January 2013.

Most independent analysts agree that allowing those tax cuts to expire accounted for most of the deficit reduction since then (from $1.1 trillion to $400 billion).

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