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Bush Tax Cuts Cost More Than Twice As Much As Dems’ Health-Care Bill

Posted by John Wellington Ennis on September 30, 2009

For those you know who decry the cost of government health care, even though they never seemed to complain before about federal spending, share with them this chart and new report by Citizens For Tax Justice that helpfully outlines where the U.S. cash flow went, and how we can re-route that give-away for the richest 5% and offer U.S. citizens health care, bringing our country into the 20th century.

Bush's National Spending Spree vs. Health Care

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2 COMMENTS

  1. Al
    Posted October 1, 2009 at 9:49 pm | Permalink

    I like this reasoning about how the tax cuts could have been applied to healthcare. I have 2 issues though. The first one is that tax cuts technically don’t ‘cost’ money. The second is the conservative montra that cutting taxes increases revenue. I would appreciate your thoughts on this.

    Thanks

    Reply
    • John Wellington Ennis
      Posted October 1, 2009 at 11:28 pm | Permalink

      Trickle Down Economics proved that actually, rich people hold on to the extra money, and do not feel like tipping the poor.

      Cutting the taxes of the very richest is a loss of income for the US, or is an opportunity cost of what could have been collected.

      Just collect corporate tax from US companies with off-shore accounts and stop giving billions in subsidies to oil companies, that could cover healthcare. Then there’s how much we spend on the wars…

      Reply

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