Quote:
Originally posted by Mmmm, Burger (C.J.)
Don't take this as a snarky cite, please. But cite please? I'd be interested in seeing a breakdown of changes in tax receipts and spending in the last four years, and the baseline of taxes without the cuts.
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According to the GOP, on April 15 Americans will get $50 billion in additional refunds or lower payments as a result of Bush's tax cuts. It's unclear if that's in addition to the $14 billion child credit checks that were mailed out. In 2004, tax cuts will reduce Americans' taxes by $176 billion (from the 2002 base, I assume).
http://www.rnc.org/News/Read.aspx?ID=3931
Even in the context of the enormous Bush deficits (approaching $500 billion for 2004, I believe), $176 billion is not insignificant.
Note: This is based on a quick review, and does not appear to include cuts in corporate taxes. But if you want a more thorough research job we'll need to discuss billing arrangements.
