Bush Tax Cuts
Claim: The Bush Tax Cuts are to blame for our current deficit
Response: According to the Congressional Budget Office, the Bush Tax Cuts make up 16% of today's deficit.
Claim: The wealthy were the only ones who benefited from the Bush Tax Cuts
Response: Only 15% of the Bush Tax Cuts went to people making over $250,000
Extra Fact: The Treasury received record revenues once the tax cuts were enacted.
Response: According to the Congressional Budget Office, the Bush Tax Cuts make up 16% of today's deficit.
- Spending makes up the most at 44%
- Tax Cuts, Bush's and others, make up 28%
- Economic and Technical Corrections account for 28%
Claim: The wealthy were the only ones who benefited from the Bush Tax Cuts
Response: Only 15% of the Bush Tax Cuts went to people making over $250,000
Extra Fact: The Treasury received record revenues once the tax cuts were enacted.