There are folks who would have us believe that we can’t change the federal budget. That we can’t afford changes that would fight inequality, reduce wasteful and destructive Pentagon spending, and shift toward a budget that better reflects our collective values.
They’re wrong, and we’re not buying it.
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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.