8/13/2010

No Lead Bullet

Makes almost no net difference to deficit if Bush Tax Cuts plus AMT change are put in. Big difference is the enormous benefit to the very rich where the savings for million dollar plus is a gigantic. Chart link here, plus horrifying graphic here that shows a monster tax savings in excess of more than 100K while the little guy gets shit. This means the Bush tax cuts are toast. What this really means that we MUST cut spending or else. No magic available.