re: #255 NJDhockeyfan

TPC: Obama’s Tax Proposals Yield $4.9 Trillion (Not the Claimed $1.1 Trillion) Shortfall

Glancing at TPC’s chart, everything else listed is inconsequential beside the -2.74 trillion from the Bush tax cuts, -672 billion from indexing the AMT for inflation and -264 billion from making the 2009 estate tax levels permanent. The TPC report seems to be an argument for letting the entire Bush tax cuts expire (though clearly that’s politically unpalatable), and also perhaps an argument as to how irresponsible politicians advocating for keeping them unchanged/permanent are. I’d love to see the massive projected shortfalls of some of the other popular GOP tax proposals included as well (repealing the estate tax; repealing the capital gains and dividend tax; lowering the corporate tax rate from 35% to 25%; etc).