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Tuesday, September 14, 2004

Bush forgets to mention $3 trillion price tag for his tax cut agenda

For the past month, George W. Bush has been heckling John Kerry on the campaign trail with a claim that Kerry's proposals would increase spending by $2 trillion. It turns out that the impact of this purported $2 trillion is small potatoes to the shortfall President Bush's own plan would create.

Bush's plan, which includes both spending increases and steep tax cuts for the wealthy, would come with a whopping $3 trillion price tag, the Washington Post reported today.

This $3 trillion would come as a result of tax cuts and changes to Social Security proposed by Bush. It does not include the cost of the Iraq war, which is currently running up a tab of $4 billion a month.


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