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That’s the cost to the U.S. Treasury since 2001 from Bush tax cuts for the wealthiest 5 percent of Americans—as of the moment I started writing this blog post. National Priorities Project and Citizens for Tax Justice today released CostOfTaxCuts.com, a site that has a real-time ticker showing the cost of tax cuts for the wealthiest Americans.
A few highlights:
There are a lot of other numbers there too. Check it out.
Since I’ve been writing this, the Bush tax cuts for the richest five percent cost the U.S. Treasury another $6 million.